"Politicians, bankers, investors and businesspeople alike get addicted to free money all too easily and clamor for more.Leio isto em "Japans’s Scary Lesson on Slashing Interest Rates" e parece que reconheço o país sobre o qual escrevem.
Monetary largesse relieves the pressure on politicians to make industries, from electronics to steel, more competitive and innovative. It concentrates capital in nonproductive sectors such as construction, telecommunications and power, and it starves others -- like startup companies -- that could fuel job growth.
All that liquidity was meant to support so-called zombie companies and industries that employ millions. It has led to a “zombification” of the broader economy"
Qual foi o crescimento médio de Portugal na primeira década do século XXI? Que sectores se desenvolveram? O que fizeram os políticos?
Uma das citações da coluna da direita: "Weird things happen when you take price out of the equation for consumers"