US EditionMy Job is to Say No – With One Exception
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My Job is to Say No – With One Exception
by Charles Hugh Smith Of Two Minds As long as there’s a way to borrow more money, there’s no discipline pushing efficiency. There seems to be a large number of people with this job description: my job is to say no, with one exception. And what is the exception, the one circumstance where the answer is invariably yes? Borrow more money? Yes, a thousand times yes. In theory, we’re supposed to invest our surplus capital in new technologies that inc…
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