Arnon Grunberg

Too fast

Obsession

Paul Krugman in today’s Times:

“First of all, it’s true that we face a time-sensitive issue in the form of the fiscal cliff: unless a deal is reached, we will soon experience a combination of tax increases and spending cuts that might push the nation back into recession. But that prospect doesn’t reflect a failure to “fix the debt” by reducing the budget deficit — on the contrary, the danger is that we’ll cut the deficit too fast.”

(Read the complete article here.)

The obsession with austerity – not only in America, also in the EU – is not so much related to economic necessity, but to ideology.

Somebody should be brave enough to say: capitalism is investing with and living on borrowed money.

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