Welcome to the new version of European Tribune. It's just a new layout, so everything should work as before - please report bugs here.
Display:
Starvid:

Finally, from the Swedish horizon I don't see why there is any reason to change what isn't broken. Having a floating exchange rate and an independent central bank managing the business cycle through interest rate policy has worked very well for us.

In practice, the independent central bank means low inflation/high unemployment policy. In order to pretend to fix the problem with unemployment, the last twenty years unemployment benefits, unemployment managment, sick and disability benefits, taxation, educational policies, and more has been repeatedly changed. I don't think it is working that well, except that central bank independence has worked well for those that wants unemployment but not the political responsibility for it.

A vote for PES is a vote for EPP! A vote for EPP is a vote for PES! Support the coalition, vote EPP-PES in 2009!

by A swedish kind of death on Tue Nov 29th, 2011 at 07:58:21 AM EST
[ Parent ]

Others have rated this comment as follows:

JakeS 4

Display:

Top Diaries

Pentecost steam

by DoDo - May 23
40 comments

A Nomad's Life (A Farewell)

by Nomad - May 10
14 comments

Simple Solar Principles

by gmoke - May 17
2 comments

Rail News Blogging #24

by DoDo - May 12
11 comments

Ferguson hates on Keynes

by Migeru - May 6
100 comments

Occasional Series