Wednesday, June 24, 2009

More on German economic policy



Duncan a href="http://duncanseconomicblog.wordpress.com/2009/06/24/germany/" has another article up on Germany's very conservative fiscal policy /a. As I said to Duncan in an email this morning, it does sadden me that Germany is following such a conservative, monetarist stance. It will lead to higher unemployment and right-wing ideologues will try and blame this on the 'German social model' when, in fact, the real blame lies with fiscal policy, not with employment rights and wage levels.div class="blogger-post-footer"img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/38622711-3337226959947934717?l=vinospoliticalblog.blogspot.com'//div

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