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Migeru,

So you assume a crisis lasting another ten years, ending in 2021? And as you should know, the seventies, for all the cries about stagflation, were a decade of considerable growth.

Jake,

I do know that in five years or in ten years governments must still be funded and a welfare state will be probably more necessary then now. So your argument there is a crisis so shut up about taxes is not very convincing.
And I don't think europe is doomed, to use an old but forgotten slogan of this blog.

by IM on Sun Aug 14th, 2011 at 03:34:57 PM EST
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