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"high speed to nowhere" could turn into high speed to a debt-deflation death spiral.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Tue Feb 1st, 2011 at 03:31:03 PM EST
[ Parent ]
We need more labour market and social safety net reform, clearly.

Keynesianism is intellectually hard, as evidenced by the inability of many trained economists to get it - Paul Krugman
by Migeru (migeru at eurotrib dot com) on Wed Feb 2nd, 2011 at 04:35:20 AM EST
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