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Reply #43


Response to Mayflower1 (Reply #29)

Fri Jul 6, 2012, 03:29 PM

43. The data show the opposite

In fact, the most socialistic countries, such as Northern Europe, Germany, and France, are doing pretty well. But the countries which, five years ago, were hailed by Bankers, Republicans and Third Way as models of how "responsible adult" economies should work, like Ireland and Spain, are getting crushed. Iceland was also a poster child for being a "responsible adult" economy, and it got crushed, but instead of austerity it put some bankers in jail and told the others to screw, and now it's doing well. Greece is another story, it genuinely had structural issues IIRC.

Leveraging, Deleveraging, and Fiscal Policy
Those Revolting Europeans
European Crisis Realities
Greece as Victim

The other big problem in Europe is that countries can't print their own money (only the EU can as a whole), but that's technical.

In general, if one doesn't have time to do the research, it's pretty safe to assume that anything that Republicans or the Third Way says is 100% wrong.

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mahatmakanejeeves Jul 2012 OP
Inuca Jul 2012 #1
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SoFlaJet Jul 2012 #13
stockholmer Jul 2012 #35
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Firebrand Gary Jul 2012 #5
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alp227 Jul 2012 #15
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Mayflower1 Jul 2012 #24
stockholmer Jul 2012 #27
MannyGoldstein Jul 2012 #9
Mayflower1 Jul 2012 #29
LineLineLineReply The data show the opposite
MannyGoldstein Jul 2012 #43
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pinqy Jul 2012 #20
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pinqy Jul 2012 #38
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