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Missing an European Treasury | 13 comments (13 topical, editorial, 0 hidden)
Re: The fundamental dilemma of the Eurozone ... (none / 1)
No, it creates liquidity to mobilize unemployed resources. Indeed, the reaction to a downturn need not involve the transfer of resources ... it could be distributed on a per capita basis in response to the gap between potential output and actual output.

I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.
by BruceMcF (agila61 at netscape dot net) on Fri Mar 26th, 2010 at 11:18:53 AM EST
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Missing an European Treasury | 13 comments (13 topical, 0 editorial, 0 hidden)
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