> If needed it can very easily be put into action again. Once you have established something can be done that can be done in the future. This is historic.
Shovel-ready jobs EU edition!
Sadly that is true, if they did it once they will do it again, all the way until the euro goes the way of Zim dollar.
If you think gold is expensive now wait till they do it the next time or make it a habit (Basic Income).
Needless to say this is worse than useless. Which of the "jobs saved" by Obama are still around? Zombie companies from back then are on PPP program now (and then some). The moment printing press or handouts stop, everything collapses.
In the case of this EU stimulus, it's big in terms of new debt (countries couldn't pay back public debt as it was, and now it's even more certain they can't pay it back with this amount added on top) but totally worthless in terms of its ability to impact anything.
Haven't you learned anything from previous celebrations of "breakthrough" fiscal stimulus packages?
1 comment
[ 131 ms ] story [ 237 ms ] threadShovel-ready jobs EU edition!
Sadly that is true, if they did it once they will do it again, all the way until the euro goes the way of Zim dollar. If you think gold is expensive now wait till they do it the next time or make it a habit (Basic Income).
Needless to say this is worse than useless. Which of the "jobs saved" by Obama are still around? Zombie companies from back then are on PPP program now (and then some). The moment printing press or handouts stop, everything collapses.
In the case of this EU stimulus, it's big in terms of new debt (countries couldn't pay back public debt as it was, and now it's even more certain they can't pay it back with this amount added on top) but totally worthless in terms of its ability to impact anything.
Haven't you learned anything from previous celebrations of "breakthrough" fiscal stimulus packages?