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"The Only Way Out Is Creative Destruction" Sinn Fears "Self-Inflicted Malaise"

Authored by Hans-Werner Sinn, originally posted at Project Syndicate, Almost exactly eight years ago, the Lehman Brothers collapse plunged the global economy into recession. The interbank market collapsed, and the entire industrialized world was thrown into the worst crisis since the end of World War II. Though central banks have maintained ultra-low interest rates, the crisis hasn’t yet been fully overcome.
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