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You're arguing against a straw man. The only one size fits all ills argument actually being widely pursued is tax cuts. The only thing that would probably help
by Tloewald 14y ago
You're arguing against a straw man. The only one size fits all ills argument actually being widely pursued is tax cuts.
The only thing that would probably help Greece is massive debt foregiveness (bankruptcy if applied to individuals or companies) which isn't a "stimulus" so much as a gift. Again if it worked like a regular bankruptcy they'd agree to pay off part of their debt on a plan, but be forgiven a bunch of it, and their credit would suck for many years to follow.
- cantastoria 14y agoYou're arguing against a straw man. Really? Than tell me what other non-austerity policy is being proposed. We're not talking about what is being pursued. The discussion is about the merits of the alternatives to austerity. Massive debt forgiveness is one although at this point it's a complete fantasy. What else have you got?