On November 16 2011, I blogged
that the European attempts to end their recession by austerity measures was
just plain counterproductive. Eliminating the jobs of teachers, policemen,
firemen, and other government employees was clearly not the way to create jobs. Europe's angry voters are finally realizing that, voting out of power their leaders who have been championing austerity to scant positive result and replacing them with leaders more in line with Keynesian economics which favors spending.
What do you think? Will more spending finally start to get us out of this recession? Or is sticking with austerity the right course?
What do you think? Will more spending finally start to get us out of this recession? Or is sticking with austerity the right course?
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