Voodoo economics
So, companies can get loans at 3% if they don't lay off staff and index wages. The rest of the world, quite rightly, intends tanking the Russian economy creating all of the attendant inflation that entails. What use is a debt service cost of 3% if the inflation rate is 20% (at least) and I have to lock wages to inflation and retain staff? The only way the 3% service cost can be provided is by money printing which feeds inflation which feeds the cost of indexed salaries which feeds my need to borrow more money which is, by definition, an inflationary spiral. The only way out is to remove the locks of cheap lending, enforced indexing and staff retention.
Biting the hand that feeds IT
