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>but on the whole reduction in Government intervention during an economic downturn is just not how bureaucrats roll. We had this exact experiment after 2008. A
by astazangasta 11y ago
>but on the whole reduction in Government intervention during an economic downturn is just not how bureaucrats roll.
We had this exact experiment after 2008. Austerity in Europe, stimulus in the US. The results are pretty clear.
- clock_tower 11y agoBoth lose?
- astazangasta 11y agohttp://earlywarn.blogspot.com/2013/03/us-vs-european-gdp.html http://earlywarn.blogspot.com/2013/03/us-vs-european-gdp.htm...
- clock_tower 11y agoI didn't know until I clicked it whether this was going to be a pro-Europe or a pro-America link. Austerity hasn't ended Europe's part of the Great Recession; but the US's "recovery" has only extended to a few privileged economic areas. In the South, the Midwest, and the interior of the coastal states, the Great Recession never ended.
- astazangasta 11y agoThe South never recovered from the Civil War, seems to me.
- clock_tower 11y agoWhat about the Midwest? The Northern and West Coast interior? Are they somehow suffering from the Civil War as opposed to the never-ended-in-real-terms 2008 recession?
- wycx 11y agoWe didn't see the Europeans let the German banks fail.