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Quotes of the day:
Everyone got caught up in the debate of deflation, Greece and the Ukraine crisis and so expectations were quite low, it now seems the deflation story is a positive one for the euro zone since cheaper oil means consumers spend less on energy and have more money in their purse.
Joseph Alois Schumpeter (1883 – 1950) was an economist and is regarded as one of the 20th century’s greatest intellectuals. He is best known for his theories on business cycles and capitalist development and for introducing the concept of entrepreneurship.
Joseph Schumpeter
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