The voters are reasoning beings

Are they now? They persistently elect those politicians who make you despair. And I'm not sure at all that the anti-immigrant moods can be assuaged by throwing money at the voters.

Austerity makes things worse.

There is no austerity in Western Europe (with the possible exception of Greece). Take a look at the government budgets -- did they significantly contract? Take a look at the ECB balance sheet and the current interest rates as well.

ANYTHING ELSE

Sure. How about you deregulate the economy and let capitalism do what it does best?

From a Keynesian point of view the impression is more important than the reality. There may not be austerity, but people think there is, and they're saving rather than consuming as a result, and that slows the economy.

Open thread, Nov. 17 - Nov. 23, 2014

by MrMind 1 min read17th Nov 2014329 comments

4


If it's worth saying, but not worth its own post (even in Discussion), then it goes here.

Notes for future OT posters:

1. Please add the 'open_thread' tag.

2. Check if there is an active Open Thread before posting a new one. (Immediately before; refresh the list-of-threads page before posting.)

3. Open Threads should be posted in Discussion, and not Main.

4. Open Threads should start on Monday, and end on Sunday.