Rise up, gather 'round
Rock this place down to the ground
Burn it up, let's go for broke
Watch the night go up in smoke
--Def Leppard
Interesting piece suggesting Germany has been more market driven than US in solving economic problems. Author suggests that German Chancellor Angela Merkel has been much more proactive than US bureaucrats in getting government out of the way of economic recovery. Germany has been cutting taxes and government spending. Now, growth forecasts are going up and deficits are being scrutinized.
Germany certainly has its share of problems. But currently it offers a nice demo of what can happen when government relieves some socialistic pressure from markets.
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I will not let anyone tell me we must spend more money. This crisis did not come about because we issued too little money but because we created economic growth with too much money and it was not sustainable growth.
~Angela Merkel
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