The debt needs to be written off before growth will resume, and in the process of doing that Europe and the U.S. will necessarily print a lot of money to fuel inflation.

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Moglia is doing it to beef up his resume for what he hopes will be a head coaching gig next year.

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So Russian folk-wisdom advises, and so Boris Yeltsin has been doing in the days since he rose from his sick bed to resume a semblance of work.

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