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Wednesday Open Thread | 67 comments (67 topical, editorial, 0 hidden)
Re: Wednesday Open Thread (4.00 / 2)
This is also the mechanism by which the Growth and Stability Pact caused the private credit bubbles in deficit countries, by arbitrarily constraining public finances.

In the UK, Gordon Brown's self-imposed "golden rule" also had the same effect.

So, in what may be my last act of "advising", I'll advise you to cut the jargon. -- My old PhD advisor, to me, 26/2/11

by Carrie (migeru at eurotrib dot com) on Wed Mar 30th, 2011 at 11:00:05 AM EST
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Wednesday Open Thread | 67 comments (67 topical, 0 editorial, 0 hidden)
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