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Ironically the Conservative analysis is only correct because of conservative policies.

Masstricht was an idiocy, but in some different reality where Maastricht never happened there would have been nothing inevitable about the current meltdown.

It could easily have been avoided with progressive policies.

The only costs would have been loud but ignorable squealing from 'investors' complaining about being robbed, and about solutions that were inherently unserious and damaging, likely to cause job losses, etc.

by ThatBritGuy (thatbritguy (at) googlemail.com) on Mon Feb 13th, 2012 at 11:52:20 AM EST
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