Europe lacks scope to revive economy

Times of London ^ | 02/04/08 | Rosemary Righter

[LjubivojeRadosavljevic]

Government always has the best interests of its citizens at heart, right?

Well, yes, the Harvard people would say that's true. For example, see John Kenneth Galbraith or John Rawls on the theory of a Social Welfare Function.

What is wrong with you?/s

[RSmithOpt]

My bad....I forgot....got to have a Harvard eduction and drink Latte’s for $7.50 ea. in order to understand that social welfare functions brilliantly in the Land of Utopian Warm Fuzzy. /s

[jiggyboy]

Gordon Brown presented last week's “credit crunch” mini-summit with his fellow European G8 leaders

I hope I'm not insulting anybody's intelligence here, but it's become clear to me that "credit crunch" is, whether they know intend it or not, a euphemism for "the logical endpoint of Central Bank cheap-money schemes".

[Sawdring]

Does anyone have faith in a 50 year study? Imagine predicting what US economic output would be in 1982 when you are mired in 1932 pre-war Great Depression.