Scratches to Sketches
Monday 19 March 2012
Note to Krugman: Greece Proves Keynesian Economics Wrong - Forbes
Spending more to get the Greece economy moving is the only policy that will work, but why does it not work. Balance is the key. It's possible to introduce balance by spending but both raising interest rates and taxes on specific activities. The problem Greece has is debt with low interest rates. Borrowing got Greece into a mess, but was it a domestic problem or an international one? Gregory talks one way and Krugman another. The question is really Greece's openness and who is taking or sending money out of the country. Is it a domestic issue or an international one? Overinvestment by foreign interests in dubious acquisition projects often masks real domestic issues.
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Sketches from scratches is a provocative blogspot that has grown out of the Wuh Lax experience. It is eclectic, which means that it might consider just about anything from the simple to the extremely difficult. A scratch can be something that is troubling me or a short line on paper. From a scratch comes a verbal sketch or image sketch of the issue or subject. Other sites have other stuff that should really be of interest to the broad reader. I try to develop themes, but variety often comes before depth.
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