Wotka World Wide

Monday, July 05, 2010

Germany is making a concerted effort to restore the vitality of their economy with spending cuts while avoiding tax increases. And they are already seeing positive signs of growth. Meanwhile, the US continues to pursue the Keynesian strategy of increased deficit spending, with no end to our economic problems in sight. Pay attention to the trajectory of these two economies in the coming years to see (yet again) which approach works.

Also further proof that while the US seeks to emulate socialized Europe, the Europeans have realized the folly of this and are moving in the opposite direction towards economic liberalization and smaller government. Now they just need to reign in the bureaucracy of the EU government to really make a major difference.

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