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Debts, promises and the erosion of democracy | 423 comments (422 topical, 1 editorial, 0 hidden)
Re: Debts, promises and the erosion of democracy (4.00 / 3)
It was "Expansionary Austerity". How that was supposed to work was through the "Confidence" fairy.

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 Migeru (migeru at eurotrib dot com) on Fri Feb 17th, 2012 at 02:24:09 PM EST
[ Parent ]
Re: Debts, promises and the erosion of democracy (4.00 / 2)
That is also apt in that they have greatly expanded the black hole into which they are being drawn.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Fri Feb 17th, 2012 at 09:46:23 PM EST
[ Parent ]

Debts, promises and the erosion of democracy | 423 comments (422 topical, 1 editorial, 0 hidden)
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