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The point is that it should but it doesn't.

Except in so far as infrastructure building counts as capital improvement, Spain has developed decent road, rail and energy networks.

But I'm talking about improving the capital base of the private sector. Which it is the modern fashion to keep government out of.

tens of millions of people stand to see their lives ruined because the bureaucrats at the ECB don't understand introductory economics -- Dean Baker

by Migeru (migeru at eurotrib dot com) on Wed Dec 14th, 2011 at 09:03:48 AM EST
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