Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Let's put it this way: redustribution to the rentiers is not austerity. Austerity is just the excuse currently in fashion.

Or are you saying redistribution to the rentiers wasn't the name of the game in the go-go years prior to 2007?

tens of millions of people stand to see their lives ruined because the bureaucrats at the ECB don't understand introductory economics -- Dean Baker

by Carrie (migeru at eurotrib dot com) on Wed Jan 25th, 2012 at 12:46:56 PM EST
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