Glorious (for now)
Bailout fails for now. No bailout means needed liquidation that must happen can happen. We might be spared Weimar-levels of inflation plus depression that will come if the inevitable is postponed again and again.
Ludwig von Mises Institute - Tu Ne Cede Malis
Advancing the scholarship of liberty in the tradition of the Austrian School.

Bailout fails for now. No bailout means needed liquidation that must happen can happen. We might be spared Weimar-levels of inflation plus depression that will come if the inevitable is postponed again and again.