Tuesday, August 31, 2010
Germany's Summer of Recovery
So, in our "Summer of Recovery", while we are enduring the continued 10% unemployment, and worrying about a double dip recession, Germany has cut taxes, reduced regulation, cut pensions, union pay, and vacation time and has experienced nearly FULL EMPLOYMENT and 9% GROWTH in the last 6 months. I'd say THIS is a "teachable moment" - Keynsian Economics has failed yet again, and rather miserably!
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This is a common sense blog. I welcome comments, but keep them coherent, intelligent and polite. If you can't say it without a belligerent personal attack, nobody's going to care what you say anyways, and neither will I. Profanities etc. only detract from what you say so why do it?