Why Austerity Is Europe's Only Hope |
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May 17, 2012 |
May 2012 Bond Updates
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The prevailing view amongst Keynesians is that the austerity measures being taken in Europe to prevent a complete currency and bond market collapse is the cause of their current recession. But blaming a recession on the idea that an insolvent government was finally forced into reducing its debt is like blaming a morning hangover on the fact that you eventually had to stop drinking the night before.
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View more at: http://www.forbes.com/sites/michaelpento/2012/05/17/why-austerity-is-europes-only-hope/
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