8.02.2010

More on Austerity vs. Devaluation

at ZeroHedge.

Either or? I think it's gotta be a little of both.

We're in a giant hole. Austerity is how we stop digging. Then devaluation is how we start getting out.

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Quotations from Chairman Varones

 Inflation is progressive utopians encountering resource constraints for the first time.