JP Hochbaum
DP Veteran
- Joined
- Feb 7, 2012
- Messages
- 4,456
- Reaction score
- 2,549
- Gender
- Male
- Political Leaning
- Independent
And austerity Bad.
"There is a lesson here for eurozone governments: use expansionary fiscal policies to promote well-designed reform rather than austerity to try to force change. For all the blood spilled in terms of unemployment and benefit cuts in Europe since the financial crisis began, the yield in terms of labour market reform has been meagre, and in product market liberalisation even worse. Given the damage to growth, adverse demographics and the need for structural reform, the prospects for public debt are only getting worse."
Shinzo Abe’s stimulus is a lesson for the world - FT.com
And austerity Bad.
"There is a lesson here for eurozone governments: use expansionary fiscal policies to promote well-designed reform rather than austerity to try to force change. For all the blood spilled in terms of unemployment and benefit cuts in Europe since the financial crisis began, the yield in terms of labour market reform has been meagre, and in product market liberalisation even worse. Given the damage to growth, adverse demographics and the need for structural reform, the prospects for public debt are only getting worse."
Shinzo Abe’s stimulus is a lesson for the world - FT.com
Link does not work well. Can you give an alternative link to this study?
Link does not work well. Can you give an alternative link to this study?
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And austerity Bad.
"There is a lesson here for eurozone governments: use expansionary fiscal policies to promote well-designed reform rather than austerity to try to force change. For all the blood spilled in terms of unemployment and benefit cuts in Europe since the financial crisis began, the yield in terms of labour market reform has been meagre, and in product market liberalisation even worse. Given the damage to growth, adverse demographics and the need for structural reform, the prospects for public debt are only getting worse."
Shinzo Abe’s stimulus is a lesson for the world - FT.com
Japan's effort to promote economic growth via fiscal stimulus didn't start with Abenomics, its started in the early 90s
Truth be told export based economies like Japan will continue to struggle as long as the American economy struggles and stimulus will still be a short term attempt to paper over the lack of private investment at the expense of massive new debt
Hey JP, do you still have that GDP chart that shows Japans GDP tracking over the last 30 years with Americas GDP ?
Japan's effort to promote economic growth via fiscal stimulus didn't start with Abenomics, its started in the early 90s
Truth be told export based economies like Japan will continue to struggle as long as the American economy struggles and stimulus will still be a short term attempt to paper over the lack of private investment at the expense of massive new debt
Hey JP, do you still have that GDP chart that shows Japans GDP tracking over the last 30 years with Americas GDP ?
The government on that 750b dollar stimulus would have been better giving every American family 10k dollars.
And austerity Bad.
"There is a lesson here for eurozone governments: use expansionary fiscal policies to promote well-designed reform rather than austerity to try to force change. For all the blood spilled in terms of unemployment and benefit cuts in Europe since the financial crisis began, the yield in terms of labour market reform has been meagre, and in product market liberalisation even worse. Given the damage to growth, adverse demographics and the need for structural reform, the prospects for public debt are only getting worse."
Shinzo Abe’s stimulus is a lesson for the world - FT.com
Peterson Institute isn't right wing anymore as Peter Peterson has gotten older, he's gonna the way of Bill Gates and Warren Buffet. Never really has been.
You see "not RW anymore, never really has been" and "gotten older" as valid criticisms. Says a lot.
let's not confuse RW with RINOs.
Well, not far Right. He's as yer saying, a sort of moderate, traditional, corporatist Republican.
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