Pop Keynesian Solutions for the Euro Via Zero Hedge...

polifrog




H/T MaggiesFarm.
ZeroHedge:




No.  An economy can withstand the cost of only so much socialization.  Whether that economy is a city, a nation, a group of nations or beyond, the high costs of socialized economies are invariably pushed to higher and higher  bureaucratic levels in the search to socialize  their unproductivity to  the productive. Eventually they run out of the productive.

And where once there were boarders that effectively contained the costs of a socialized economy to a single nation, the euro perforated those boarders allowing nations like Greece to appear more solvent than they were. As a result we are witnessing the absurdity that is the socialization, across national boarders, of the failure of individual socialized economies.  We are now not just witnessing a nation helping a locality within its boarders, or Germany lending a hand to a member Euro state, but the United States helping socialize the cost of the failure of the European experiment in Social Democracy.

Why support the promotion of failure?

Later in the cartoon we the the nonsense of the deflationary spiral argument raised ... People get nervous and stop all spending? BS. Spending falls to the minimum necessary level. If that is a crash, it is a crash to reality. Only from that point, the point at which prices once again accurately convey demand information, can growth begin again.

And that is the answer.  Let the market work, let the failure that is socialism die.

There is no free in liberty.





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