The highest barrier to a new economic boom is the defeatism of those seeking to manage the west's decline. Millions of Europeans and Americans alike are now enduring the painful consequences of empty promises becoming broken promises, after politicians pushed government spending and debt to unsustainable levels and spread cronyism instead of entrepreneurial dynamism.
http://www.ft.com/cms/s/0/c9eb2ad6-d022-11e1-99a8-00144feabdc0.html#axzz21BkdEsAb
Who couldn't recognize this in the efforts of the past few years? Paying off needed elements drastically over-rode any other motive. This is how socialism works.
http://www.ft.com/cms/s/0/c9eb2ad6-d022-11e1-99a8-00144feabdc0.html#axzz21BkdEsAb
Who couldn't recognize this in the efforts of the past few years? Paying off needed elements drastically over-rode any other motive. This is how socialism works.
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