Wednesday, July 1, 2015

Austerity Or Bankruptcy?

When you borrow from the future to live better in the present, the day comes when you must pay for those indulgences. It has arrived for Greece, and it will soon be arriving for countries around the world that went on a debt binge to fuel economic growth. The ability to print money and purchase debt does not solve the problem, it only temporarily pushes the day of reckoning back and creates a larger crisis in the future. 


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