Wednesday, March 6, 2013

Roubini :QE can create moral-hazard problems by weakening governments

Nouriel Roubini : ....QE can create moral-hazard problems by weakening governments’ incentive to pursue needed economic reforms. It may also delay needed fiscal austerity if large deficits are monetized, and, by keeping rates too low, prevent the market from imposing discipline - in www.project-syndicate.org
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