State Debts - The Primal German Fear (tags)
Unlike a private homebuilder, the state can be indebted and never expect the entire debt to be repaid. For most, taxes are a book with seven seals. A tax-cutting lobby exploits our unease over taxes for their purposes. Social cohesion declines and milieu egoism increases.
Austerity Policy as Momentous Mistake (tags)
The IMF's austerity policy of the last years was misguided. That austerity policy led to intensified growth declines and increasing unemployment and did not reach its goal of permanently calming the financial markets. Public investments could raise economic growth.
Austerity Policy as Momentous Mistake (tags)
The IMF's austerity policy of the last years was misguided. That austerity policy led to intensified growth declines and increasing unemployment... Public investments could raise economic growth both in the short- and long-term.
How Does Justice Come to the Economy? (tags)
When Theory and Reality Diverge (tags)
Politics forces crises and prevents their ending every day by holding to its ideological blinders. The state is not a private household and spending cuts always strike back on other actors of the economy. When theory and reality diverge, the theory is wrong, not the reality.