[Humor] Fw: The A-List - Lorenzo Bini Smaghi: Fiscal cliff lessons from the eurozone crisis

Tim Kehres tim at kehres.com
Mon Nov 19 21:25:32 HKT 2012


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Sent: Monday, November 19, 2012 9:23 PM
Subject: The A-List - Lorenzo Bini Smaghi: Fiscal cliff lessons from the eurozone crisis



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                  FT Exclusive Comment
                  Monday November 19 2012  
           
           
                 
                 
                  The A-List - Lorenzo Bini Smaghi: Fiscal cliff lessons from the eurozone crisis 
                  If a central bank gives the impression that it stands ready to be the “only game in town”, it will end up being played. The other policy makers will have no incentive to take on their own responsibilities. This will ultimately drag the central bank into monetising the debt and lose its reputation. 
                  http://link.ft.com/r/FG6LAA/LS97JV/5C5YI3/30FG2Q/K9FNKJ/OS/h?a1=2012&a2=11&a3=19 
                 
            
                 
                    
                 

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