Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
There is nothing wrong with a collapse of private sector credit creation that would not be solved by a sufficiently large government investment outlay.

And given the present decrepit state of the infrastructure of nominally first-world countries, you would run out of unemployed before you ran out of useful government projects. Possibly quite a long time before, depending on how aggressively you repudiate private sector debts.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Thu Nov 3rd, 2011 at 11:53:53 AM EST
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