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Tuesday, June 29, 2010

MORE ON EUROPEAN POLICYMAKERS AND AUSTERITY VS. THE OBAMA-LED PREFERENCES FOR MORE FISCAL STIMULI

Today's Buggy Post Is

. . .  Found in the same thread as the previous prof bug stuff, except that to find it you need to scroll down to the bottom of the first page of comments and click on the bar that says "Show More Comments".   You'll then see buggy's new comments, full of more evidence as to why, rightly or wrongly, the policymakers in EU governments are more concerned with long-run national debt than the US government . . . all due to a combination of rapidly aging populations, the need to support ever more retirees with fewer and fewer active workers, resistance to augmenting the native European work force with more immigrants from the developing countries, a slow growth in productivity except for a tiny group of European countries, and a growing aversion to risk-taking of all sorts including entrepreneurial start-ups. 

Click here for the buggy take on all this, comparatively viewed.