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Greece should not get its budget "back on track" to a 1930s style depression.

Balanced budgets are bad. Why is this so hard to grasp? Governments need to run deficits - usually quite substantial ones - to ensure full employment and macroeconomic stability. Any deal that does not allow European states to run any deficit required to defend full employment is a totally unacceptable deal and should be rejected and repudiated.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Tue Feb 14th, 2012 at 06:17:53 PM EST
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