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The crows demur at first, but soon grow bold and eat. He talks to them. He tells them of all the things that bother him—that the politics have changed but the politicians are still the same exact people as back in the sixties, only balder and fatter; he tells them that nobody cares about anything important anymore. He tells them that freedom has nothing to do with money, or the McDonald’s restaurants. The crows stop eating and listen. ↗
A beautiful deleveraging balances the three options. In other words, there is a certain amount of austerity, there is a certain amount of debt restructuring, and there is a certain amount of printing of money. When done in the right mix, it isn't dramatic. ↗
