In a situation of low inflation, wages in these countries need to really decline in absolute terms in order to improve their competitiveness.” Does the fact play a role that debt weighs more heavily when inflation is low? “Certainly, that is yet another consequence of low inflation.
What kind of society do we live in if people have to sell their organs to survive? But while a ban on organ sales may make us feel better, does it really make society better off? Possibly, if it makes society work harder to make sure people are never driven to the circumstances that would make them contemplate a sale.