Anyone in the civilised world who wants to drive a car must prove that he can correctly assess the direction of movement and speed of his vehicle, master the aids of stabilisation and gain a certain overview of the traffic situation. The obligation to pass a driving test meets with general approval among the population, because the person willing to drive a car can put not only himself but also others in danger if he does not have the required skills and knowledge. Those who steer a national economy do not have to prove anything of the sort, although the general danger to the life and welfare of the population posed by their errors of judgement and misconduct is enormous.
Still on a knife’s edge? The federal government fails to recognise the economic situation weiterlesenSchlagwort: Fiscal policy
Public Investment: why America’s „more“ is better than Europe’s „too little“
Last week Konjunkturanregung: Besser mehr als zu wenig by Heiner Flassbeck and Friederike Spiecker went online, and meanwhile there is an english version of this text available.
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