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:
Ten percent deficits in a serious business depression are not a bug, they're a feature. It's called "countercyclical fiscal policy." Look it up.

The ECB should be printing money on demand to support that, not demanding that the member states fund their countercyclical policy in the money markets.

- Jake

Austerity can only be implemented in the shadow of a concentration camp.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Sat Feb 5th, 2011 at 07:17:38 AM EST
[ Parent ]

Others have rated this comment as follows:

Display:

Top Diaries

Deflationary QE

by afew - Jan 25
3 comments

Another modest proposal. LQD.

by melo - Jan 23
4 comments

On the RhB 2: along the Inn river

by DoDo - Jan 20
4 comments

Piketty: Amnesia, Selfishness

by afew - Jan 5
44 comments

Reality According to the OBR

by rifek - Jan 5
9 comments

Occasional Series