Tuesday, 21 January 2014

Facts we should remember

At Pieria, Euronomist and I remind everyone - and especially Eurozone policy makers - of a few economic truths: "people consume out of income, not wealth" (duh), "supply depends on demand in a financial crisis" (here's looking at you, Hollande), and of course ""relying on exports doesn't make for a vibrant economy" (guess who that's aimed at?).

Read the whole article here.

1 comment:

  1. The trouble is history both recent anf further back shows basic fiscal and economic facts are always ignored when it suits with predictable consequences