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Well she is stating the party line:

Wagenknecht "Man kauft jetzt auch die Spekulanten raus" - Stellvertretende Vorsitzende der Linken | Interview | Deutschlandradio Kultur

Deswegen fordern wir eine öffentliche Bank in Europa, die den Staaten günstige Kredite gibt, zu EZB-Zinsen, die sich also auch bei der EZB refinanziert, allerdings nicht, um die Schulden exorbitant auszuweiten.

Sahra Wagenknecht rechnet mit den Banken ab: ,,Für die Wettbuden muss der Staat nicht haften" - Staatsverschuldung - FOCUS Online - Nachrichten

,,Der einfachste Weg wären Direktkredite der EZB innerhalb bestimmter Limits, je nach Konjunktur." Der erneute Schuldenanstieg für die Staaten, den das wiederum mit sich brächte, müsse durch eine ,,strikte Defizitregel und eine vernünftige Steuerpolitik" begrenzt werden.

party platform

Die Europäische Zentralbank soll die Staaten in der Eurozone in einem festgelegten Rahmen direkt finanzieren. Als ersten Schritt fordert DIE LINKE die Gründung einer europäischen Bank für öffentliche Anleihen, die zu ihrer Refinanzierung Zentralbankkredite aufnehmen kann.

Hard to say what she believes personally. She does put a lot more emphasis on the limits part than the platform.

by generic on Mon Aug 26th, 2013 at 02:05:38 PM EST
[ Parent ]
Yes, she does insist on the "Schulden exorbitant" and the "strikte Defizitregel".

But is it really the party line that "paper money" is somehow suspect and that Merkel's government is printing money like there's no tomorrow?

by afew (afew(a in a circle)eurotrib_dot_com) on Tue Aug 27th, 2013 at 01:38:43 AM EST
[ Parent ]
So, Die Linke is full yon board with the balanced budget amendment. Useless.

Finance is the brain [tumour] of the economy
by Carrie (migeru at eurotrib dot com) on Tue Aug 27th, 2013 at 03:06:05 AM EST
[ Parent ]
State financing by the ECB is the party line. As was opposition to the balanced budget amendment.
by generic on Tue Aug 27th, 2013 at 04:53:57 AM EST
[ Parent ]
"strikte Defizitregel"?

Finance is the brain [tumour] of the economy
by Carrie (migeru at eurotrib dot com) on Tue Aug 27th, 2013 at 04:57:58 AM EST
[ Parent ]
That's Wagenknecht.
by afew (afew(a in a circle)eurotrib_dot_com) on Tue Aug 27th, 2013 at 05:06:30 AM EST
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What I meant is that earlier I credited her for nothing more than stating the party line on state financing while discounting all the deficit talk as trying to win political points.
Which might have been an error since I don't know who the driving force behind the proposals was.

Her doctoral advisor seems to be an expert on the labour theory of value so that might also be a possibility.

by generic on Tue Aug 27th, 2013 at 05:16:52 AM EST
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Wikipedia: Sahra Wagennecht
Nach eigenen Angaben begann sie 2005 ihre Dissertation zum Thema The Limits of Choice. Saving Decisions and Basic Needs in Developed Countries (,,Die Grenzen der Auswahl. Sparentscheidungen und Grundbedürfnisse in entwickelten Ländern") im Fach Volkswirtschaftslehre. Im August 2012 reichte sie ihre Arbeit an der Technischen Universität Chemnitz beim linken keynesianisch orientierten Mikroökonomen Fritz Helmedag ein, der u.a. Vertrauensdozent der Rosa-Luxemburg-Stiftung ist. Zwei Monate später bestand sie ihre mündliche Prüfung zum Dr. rer. pol. [6] mit der Gesamtbewertung magna cum laude. Die Doktorarbeit will Wagenknecht im Juni 2013 in Buchform veröffentlichen."
Hmm

Finance is the brain [tumour] of the economy
by Carrie (migeru at eurotrib dot com) on Tue Aug 27th, 2013 at 05:35:26 AM EST
[ Parent ]
>But is it really the party line that "paper money" is somehow suspect and that Merkel's government is printing money like there's no tomorrow<

The platform is silent on inflation or money creation.

by IM on Tue Aug 27th, 2013 at 10:13:17 AM EST
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Is there any significant portion of German votes who have any idea that fiat currency CAN be used successfully and that the horrors which they dread are the result of MISUSE of fiat currency? Do any understand that interest creates a need for an expanding money supply that won't be met with an expanding amount of gold? Do all think that their 'exceptionalism' will prevent them from facing the consequences of an inadequate supply of hard money - ever?

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Tue Aug 27th, 2013 at 11:28:10 AM EST
[ Parent ]

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