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Pointing out the reality isnt 'telling what to do'. And France isnt in a position anyway to do that, since they have the exact same problem as the US.
by panick21_ 2y ago
Pointing out the reality isnt 'telling what to do'. And France isnt in a position anyway to do that, since they have the exact same problem as the US.
- alephnerd 2y agoIt isn't a reality though. It's absolutely a biased piece of advice because it has subsidized American industrial players at the expense of players across Europe - which is why the EU has been in the process of lobbying against American deficit spending that is primarily being used for subsidizing industrial policy. Western European austerity has clearly hobbled France and Germany while the US was able to weather the GFC and COVID recsssion by using it's deficit. > And France isnt in a position anyway to do that, since they have the exact same problem as the US. Yet they are as Macron's lobbying blitz in 2022-23, the French Govt's Institue Montagaine has pointed out, and the French govt supported CEAP has been lobbying against.
- panick21_ 2y agoThat you don't like the messenger doesn't change the reality of the situation. You can find much of the same analysis from various institutions in the US who have come to the same conclusions. If you want argue that deficit spending is fine and no problem, then just do that. You don't have to sell us on how CEPR is an evil arm of French propaganda.