Devaluations are never easy. Download Download Share on Facebook Share on Twitter Rotate quotes devaluation easy
The longer you wait, the less fun. If you wait until the bitter end, the whole economy can be destroyed. Jeffrey Sachs bitterdestroyeconomy Change image and share on social
We, being the Western world, wouldn't let Russia off the hook on debt. So there were demands on debt servicing in the early days until they ran out of reserves. There was no real aid program, just a fictional aid program. Jeffrey Sachs aiddaydebt share on social
If you have a lot of short-term debt, it means that all of that money can be demanded in a very short period of time. Technically, short-term debt means money that's coming due within a year. Typically, it means money that's coming due within 30 to 90 days. Jeffrey Sachs comedaydebt share on social
A free life cannot acquire many possessions, because this is not easy to do without servility to mobs or monarchs. Epicurus acquireeasyfree Change image and share on social
Bitcoins can be traded or used for purchases, but only with those sellers who will accept them. Because it is a system independent of external meddling, there can be no sudden devaluation of Bitcoins through the actions of governments. Kurt Eichenwald acceptactionbitcoins share on social
