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This is Your Country. This is Your Country on Austerity.
Posted:
Fri Jan 25, 2013 1:34 pm
by Indy
Re: This is Your Country. This is Your Country on Austerity
Posted:
Fri Jan 25, 2013 1:49 pm
by J.K. Gregg
Re: This is Your Country. This is Your Country on Austerity
Posted:
Fri Jan 25, 2013 2:04 pm
by WizardfromOz
Yeah like the IMF never get it wrong
Re: This is Your Country. This is Your Country on Austerity
Posted:
Fri Jan 25, 2013 2:04 pm
by Indy
Re: This is Your Country. This is Your Country on Austerity
Posted:
Fri Jan 25, 2013 2:13 pm
by Gnostic
I don't get the logic behind austerity being a cure for financial crises.
It's the exact opposite of what is needed to inject lifeblood into any system on the edge. Letting a financial system to fester and dry up without any stimulation to investment and employment and public work projects will only cause more misery. It's not even good for creditors.
Whatever...
Re: This is Your Country. This is Your Country on Austerity
Posted:
Fri Jan 25, 2013 2:13 pm
by WizardfromOz
Re: This is Your Country. This is Your Country on Austerity
Posted:
Fri Jan 25, 2013 2:17 pm
by The Comrade
Re: This is Your Country. This is Your Country on Austerity
Posted:
Fri Jan 25, 2013 2:26 pm
by Professor
Given:
- Spending cuts during a recession will deepen a recession.
- Spending cuts during a recovery will halt that recovery.
- Spending cuts during a period of growth will lead to a recession.
Conclusion:
- Never cut spending.
Is that the lesson I'm supposed to learn? OK, got it.
Re: This is Your Country. This is Your Country on Austerity
Posted:
Fri Jan 25, 2013 2:29 pm
by Gnostic
Re: This is Your Country. This is Your Country on Austerity
Posted:
Fri Jan 25, 2013 2:34 pm
by The Comrade
what? "you need blood, but instead we're going to take it"
i was agreeing with you using a colorful analogy.