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Frank Schnittger:
we need a "stimulus" plan to complement the austerity measures
Isn't "stimulus" antithetical to "austerity"?

Keynesianism is intellectually hard, as evidenced by the inability of many trained economists to get it - Paul Krugman
by Migeru (migeru at eurotrib dot com) on Tue Feb 8th, 2011 at 11:09:22 AM EST
[ Parent ]
being smart are we?

How about increasing the capital budget whilst reducing the current expenditure budget? At the moment everything is being cut to bits. Shifting resources from less productive to more productive activities is what businesses do all the time. Infrastructural and other investments which increase future productive capacity and reduce future operational costs (incl carbon energy inputs) should be a priority even Merkel wouldn't have a problem with.

Index of Frank's Diaries

by Frank Schnittger (mail Frankschnittger at hot male dotty communists) on Tue Feb 8th, 2011 at 11:16:58 AM EST
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