Viewed: 66 - Published at: 6 years ago

Only by historical methods can we explain why, over the past thirty years, so many countries created forms of debt that, by design, cannot be inflated away; and why, as a result, the next generation will be saddled for life with liabilities incurred by their parents and grandparents.

( Niall Ferguson )
[ The Great Degeneration: How ]
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