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Olivier Blanchard x.com
From Nicolas Dufrene's @nico_dufrene answer to Quentin @QuentinVandewe2 and me in Le Monde: "Et qui paie ? Seulement la banque centrale qui rémunère les réserves bancaires. Et encore, si l’on veut éviter de prolonger cette rémunération – la seule objection technique qui subsiste une fois les autres écartées –, une solution existe : la banque centrale peut simplement cesser de les rémunérer et augmenter les réserves obligatoires. Blanchard et Vandeweyer le reconnaissent, mais qualifient cela de « répression financière ». Qu’on en juge : les banques perdraient alors une rémunération injustifiée…
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What is a korrent?
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About the English under a post
Some people here publish in a language other than English. Where they do, this site shows a machine translation beneath the post, in this typeface — the site's own, not theirs.
The post itself is never changed, moved or hidden: what is set in the serif above is exactly what the person published, and it is what to quote them on. A translation can be wrong in ways that matter, especially about tone.
Only the post's own words are translated. A quoted post, a linked article and a belief on korrents.com are left in their original language.