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"But at the same time they lack their American and British counterparts' understanding of balance sheet recessions"

Wow. Have you met David Cameron? George Osborne?

Timothy Geithner?

Earth provides enough to satisfy every man's need, but not every man's greed. Gandhi

by Cyrille (cyrillev domain yahoo.fr) on Thu Jul 5th, 2012 at 02:40:27 PM EST
[ Parent ]
Far from me to praise Timmy Geithner in any ordinary course of events, but Geithner understands what's going on much better than Merkel or Cameron do. If he did not, General Motors would be dead, and the UAW along with it. And it isn't, so he does.

Granted, "better than Angie and Dave from Marketing" is not a high bar to clear...

- Jake

If you only spend 20 minutes of the rest of your life on economics, go spend them here.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Thu Jul 5th, 2012 at 06:37:23 PM EST
[ Parent ]
Just like Bernanke and Trichet.

If you are not convinced, try it on someone who has not been entirely debauched by economics. — Piero Sraffa
by Migeru (migeru at eurotrib dot com) on Thu Jul 5th, 2012 at 06:45:11 PM EST
[ Parent ]

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