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A bit of economic discussion

Pretty simple but goes beyond the "if we all just balanced our checkbooks" patter.

 

 

 

http://www.nakedcapitalism.com/2010/06/martin-wolf-austerity-is-risky-business.html?utm_source=feedb...

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Senior Contributor

Re: A bit of economic discussion

Well you might find it simple but as I read it I did not think it was so simple.

There are so many conflicting things in the economy that 'tweaking' any one thing can have widespread repercussions.

Then you have to consider that any 'tweak' that one government tries may cause another government to do something that changes everything again.

Economies are never 'simple' the way I see it.

That is what is scary about proposals to make 'simple' changes, like eliminate the debt or shut the borders etc., to fix all the problems. Simple will not work.