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


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