Socially, I think he implemented all his programme in his first 4-year term. That's why he held some promise as a European socialist leader for all of Europe.
I don't think that's entirely true. He also started this crisis off with classic counter-cyclical fiscal policy. So what spooked him into his current Hooverian suicide?
- Jake If you only spend 20 minutes of the rest of your life on economics, go spend them here.
It was all a half-hearted collection of patches, and it included some ill-advised policies such as eliminating property taxes. By laying out pros and cons we risk inducing people to join the debate, and losing control of a process that only we fully understand. - Alan Greenspan
How the mighty have fallen. By laying out pros and cons we risk inducing people to join the debate, and losing control of a process that only we fully understand. - Alan Greenspan
