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Re: Hitler's economics

By: Cactus Flower in ALEA | Recommend this post (0)
Wed, 07 Sep 11 5:11 AM | 52 view(s)
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Msg. 05787 of 54959
(This msg. is a reply to 05775 by Cactus Flower)

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The British example of austerity economics. Not going well. Simon Jenkins hopes for a change. But it won't happen for a good while. The British conservatives (who unlike US conservatives aren't crazy) believe they are fighting the problems of the early 1980s and the excesses of New Labour economics. But this is a liquidity trap. The timing is wrong.

http://www.guardian.co.uk/commentisfree/2011/sep/06/economic-recovery-britain-chancellor?intcmp=239


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The above is a reply to the following message:
Hitler's economics
By: Cactus Flower
in ALEA
Tue, 06 Sep 11 2:09 AM
Msg. 05775 of 54959

Oddly enough, his economics may have been more effective than most of the democracies' ones today.

He built infrastructure. He rolled out Germany's autobahns. He constructed buildings. And Germany's economy recovered.

Whereas the UK's austerity measures here in the year 2011 are now beginning to bear their poisoned fruit. The US' timid attempt at Keynesianism wasn't adequate to the task of replacing lost demand and now we are seeing the consequences of that.

It shouldn't take a dictator to figure out how to solve this problem. But maybe only a structure in which decision-making is possible is capable of getting us out of the hole we are in.

One more example of - well, you've heard it before. The UK has made a policy error, but at least it will know it has done so and will change course at some point.


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