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Europe breaks with Keynesianism (II) (via Save Capitalism)

I concur with the remarks about Obama, but I think that Trichet and his gang are under heavy pressure from the EU politicians, so not everything they do has to be what they liked to do, rather what they have to do.

Just a short note (since I'm on vacation). I noted last  June already that there was a beginning divergence between the US and Europe, where Europe was starting to move away from hardcore keynesianism. This has just become VERY obvius, as a certain Mr. Trichet just made a not so sublte 180 degrees and came out saying European growth will come from reduced government spending. Dear Mr. Trichet, you are an idiot. And beyond that, you are a lying po … Read More

via Save Capitalism


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