Saturday, March 8, 2014

Mistake wasn't deflation. It was bailing people out.

ECB May Repeat Japan Mistake That Triggered Lost Decade
http://www.bloomberg.com/news/2014-03-05/ecb-may-repeat-japan-mistake-that-triggered-lost-decade.html

The mistake was bailing out everyone in sight and not letting the competent people gain market shares.

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