imontheinternet: Wait... so, slashing budgets and firing everybody during hard economic times is a bad thing now?
Coming on a Bicycle: stratagos: I'm still unclear where the Fark Economist Posse thinks Greece should have gotten funds - they were (and are) spending more than they take in. Is the magical Euro fairy just going to sprinkle money into the treasury?Eh yeah it does. If you allow it to be printed. But if the Northern countries (of which I am a member) call your bluff on this and say: not gonna happen we like our pensions and savings, then this is the result.
Carth: hasty ambush: NewportBarGuy: I think that's 13,783rd time the Republican Economic Model has been blown out of the water.Yup, because massive government spending has been so successful in Japan. Well if by successful you mean continuing recessions and a National debt exceeding 200% of their GDP then yes successful.You mean Japan the country that recently topped the healthiest country list with the highest life expectancy, Japan the third largest economy in the world with an unemployment rate of 4.1%... that Japan?
CPT Ethanolic: ...because it did not fully understand how government austerity efforts would undermine economic growth. So, in other words, the head economist at the International Monetary Fund knows less about economics than I do?
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