Charles Blitzer Quotes
It's tantamount to devaluation. We'll have to see whether the authorities can keep the devaluation controlled or not.
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Tantamount | Devaluation | Authorities | Controlled |
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The likely consequence could be very messy elections at a time when the country is most fragile. The instincts to print money and spend in order to get the voters' favor will be infinitely increased, and the chances of hyperinflation would go up that much faster.
- Charles Blitzer
