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>I am not postulating a German conspiracy. I am noting that Germany has been peddling toxic economic Lysenkoism to the rest of Europe for four solid decades now.<

In other words, you are postulating a conspiracy.

Well, no. The German economic establishment is wrong but powerful so it can spread its wrongness.

I mean, the conventional wisdom at street level is that anything Germans say on economics must be right.

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 Sat Feb 18th, 2012 at 12:00:36 PM EST
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I mean, the conventional wisdom at street level is that anything Germans say on economics must be right.

But back in the far-aywy day of say 2004 that wasn't conventional wisdom. Back then the celtic tiger was the model.

Or Slovakia or Estonia or whatever.

by IM on Sat Feb 18th, 2012 at 12:07:11 PM EST
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No. It is a modern variation of 'Might makes Right.' Germany is the modern European economic superpower. 'It must be because they are doing things right.' Not only are the poor honest, but they are also generous. They would not think that the reason Germany is doing so well, comparatively, is that they are manipulating the rules to their advantage.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Sun Feb 19th, 2012 at 07:46:18 PM EST
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