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Posted by Lord Garth 2012-05-24 18:45||
#2 " Yesterday's revised GDP figures, showing that the country is even deeper in recession than we thought, would appear to support the mocking tone in which Krugman condemns the idea of "expansionary austerity". But where is this austerity? In fact, one of the few positive contributors to output in the last quarter was government spending,"
A simpleton may actually think it creates actual GDP. Yet it removes money from where actually works and converts it into debt or worse, devalues the entire currency.
Government is probably 70% net loss if you include all the productivity lost by the market to comply with government shit.
Posted by newc 2012-05-24 19:07||