See It? Say It? Do Something About It? | 40 comments (40 topical, editorial, 0 hidden)

Re: See It? Say It? Do Something About It? (4.00 / 2)

There is little or no place in the French public discussion (journalists, commentariat, pols of "left" or right) for a different point of view than: France is hopelessly retrograde and must shrink the state, reduce benefits and taxes, deregulate the labour market.

by afew (afew(a in a circle)eurotrib_dot_com) on Mon Oct 6th, 2014 at 11:33:01 AM EST
[ Parent ]

Re: See It? Say It? Do Something About It? (none / 0)

Is there any criticism of the ECB for failing to meet its 2% inflation target?

by rz on Mon Oct 6th, 2014 at 11:36:08 AM EST
[ Parent ]

Re: See It? Say It? Do Something About It? (none / 0)

There's sometimes some concern about low inflation, but as long as "deflation" can be avoided as a topic of discussion, it doesn't reach alarm proportions.

Anyway, since growth and jobs come from austerity...

by afew (afew(a in a circle)eurotrib_dot_com) on Mon Oct 6th, 2014 at 11:43:48 AM EST
[ Parent ]

Re: See It? Say It? Do Something About It? (4.00 / 2)

A key argument why Labor market liberalization is supposed to generate growth, is that it allows to deploy capital in the most effective way. But even if this is true, it can only work if capital is deployed at all. And to do this you have to have a central bank which is committed to keep inflation up (see Federal Reserve). Since this is not the case in Europe, labor market reform will be a major disaster.

by rz on Mon Oct 6th, 2014 at 03:37:03 PM EST
[ Parent ]

See It? Say It? Do Something About It? | 40 comments (40 topical, 0 editorial, 0 hidden)

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