by Antony P Mueller
Those who favor more government expenditures in the face of a public debt crisis suggest that the very same strategy that has led to the calamity would also be its solution. Yet the debt crisis as such cannot provide any rationale to borrow more. Indeed, the very fact that a debt crisis has shown up reveals that already too much debt has been already accumulated. In order to overcome a debt crisis, a stimulus for private business is needed instead of more public spending.
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World debt comparison
The global debt clock
Our interactive overview of government debt across the planet
The clock is ticking. Every second, it seems, someone in the world takes on more debt. The idea of a debt clock for an individual nation is...
World debt comparison
The global debt clock
Our interactive overview of government debt across the planet
The clock is ticking. Every second, it seems, someone in the world takes on more debt. The idea of a debt clock for an individual nation is familiar...
Overrated
Overrated: Paul Krugman
JOHN PHELAN
July/August 2012
From his perch in the New York Times he says one ridiculous thing after another. In the British context Krugman's risible thesis is that the economy is...
Growth More Than Debt Key to Understanding Euromess: Ezra Klein
"... if the prospects for growth were good, the institutional changes would be an easy sell, and the debt problems would mostly take care of themselves. However, if the growth isn’t there,...