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CJCRANE

(18,184 posts)

2. For a dynamic economy, money needs to circulate

Reply to Bill USA (Original post)

Wed Feb 27, 2013, 05:07 PM

Feb 2013

and go in and out of as many pockets as possible.

It's obvious that if you take money out of the economy that will slow things down.

First the banks took money out by creating a huge financial blackhole that needed taxpayer bailouts (and then refused to lend it out again), then governments decided to take even more out of the economy (in the name of austerity).

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Highlight:

How Austerity Stifled The British Economy (And The Rest Of Europe) In Three Charts [View all] Bill USA Feb 2013 OP

Austerity in this case Turbineguy Feb 2013 #1

For a dynamic economy, money needs to circulate CJCRANE Feb 2013 #2