Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
but this is certainyl right:

Reflationary policies require counter-cyclical spending.  What is spent to prompt up cycle must be roughly equivalent what is falling down.  In these times we live, that's one hell of a lot of cash.

The last time around, the only activity that could be called upon to marshal that kind of mass consumption was war.......

I hope that we have the sense to see a path out that involves spending the money, yes.  But spending it on helping men and women, not killing them.

As it were, we have the perfect target for that spending: energy infrastructure - improving the housing stock, building public transport networks, and renewable energy.  Jobs, and the solution to the two most pressing long term problems: fossil fuls depletion and global warming.

In the long run, we're all dead. John Maynard Keynes

by Jerome a Paris (etg@eurotrib.com) on Sun Oct 12th, 2008 at 04:53:55 PM EST
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