Amazing how war clarifies the macrofinancial mind
Reposted from
Richard Bärnthaler
FT on defence: “Unlike in … the green transition, it is not possible to “leverage” small amounts of public funding to get private finance to do the rest. Too much financial engineering will send an unmistakable signal of weakness.”
Sums up the failure of the green transition nonetheless.
Sums up the failure of the green transition nonetheless.
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