"The famous Florentine elegance, which attracts tourists to the shops on Via Tornabuoni and Via della Vigna Nuova, is characterized by austerity of line, simplicity, economy of effect."

Previous Quote

A beautiful deleveraging balances the three options. In other words, there is a certain amount of austerity, there is a certain amount of debt restructuring, and there is a certain amount of printing of money. When done in the right mix, it isn't dramatic.

— Ray Dalio