Trade-offs are an important part of decision making. If make a change to improve some metric, it is usually at the cost of something else. We have enthroned mark-to-market as a core principle of finance, and we are now seeing what the costs are. If those market prices do not turn around, the only way out is "qualitative easing."
There are two principal ways of organising finance in a modern capitalist economy.…
Now the tradeoffs are coming into play globally.
Pick Your Financial System Dysfunction
Brian Romanchuk
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