tag:blogger.com,1999:blog-6690878652866364939.post5438050328247042345..comments2014-10-06T19:20:20.145-07:00Comments on Things can matter: Dusting this off someUnknownnoreply@blogger.comBlogger2125tag:blogger.com,1999:blog-6690878652866364939.post-60237746258534893832011-07-18T03:33:17.416-07:002011-07-18T03:33:17.416-07:00I was really hoping you'd chime in with some t...I was really hoping you'd chime in with some thoughts for me to respond to! No time to do a proper answer here, but this post did somewhat beg another that describes the "where do we go from here?" <br />Sneak preview though to question 2: Nobody really knows. Austerity quite possibly made things even worse in Greece as the bottom fell out of the economy. But doing nothing is hardly an option either...paciohttps://www.blogger.com/profile/15426601803096323497noreply@blogger.comtag:blogger.com,1999:blog-6690878652866364939.post-40981378600935500092011-07-17T15:07:23.825-07:002011-07-17T15:07:23.825-07:00Good write up. So much of these debt and bail out...Good write up. So much of these debt and bail out discussions are so heavily politicized that it can be hard to figure out what's really happening and at stake.<br /><br />I got a few questions in case you feel like doing another on the topic:<br /><br />1. How did the debt develop in the first place? Was too much social spending the problem?<br /><br />2. Are austerity cuts really the answer? On the one hand they curb spending, but on the other hand they take money out of the hands of the consumers who drive demand which feeds the rest of the economy.<br /><br />3. What will the practical effects be?<br /><br />4. When is the world going to declare another debt Jubilee already and tell the bankers to get lost? :)Sterlinghttps://www.blogger.com/profile/11864262385476183112noreply@blogger.com