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1 posted on 02/05/2012 3:18:31 PM PST by bruinbirdman
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To: bruinbirdman
France lost ground year after year due to wage creep and weaker productivity.

Y'know, things like a 35 hour work week.

Germany has provided a very clear example of how to create a growing industrial economy with a trade surplus. Relatively tight credit, relatively flexible labor markets, and relatively sane fiscal policy. The funny part is that Germany's policies aren't really all that marvelous -- they're just better than the others'.

It is only up to the French (and the Italians, Greeks, Spaniards, and Portugese) to emulate it. That they don't want to is all you need to know.

2 posted on 02/05/2012 3:37:10 PM PST by BfloGuy (The final outcome of the credit expansion is general impoverishment.)
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To: bruinbirdman
P.S. In my opinion, it's the tight credit that has most benefited Germany. The Bundesbank doesn't believe in printing Euros to spur the economy, so only the most sound of business projects are financed. The credit policy also limits consumer spending to those purchases which can be financed through savings.

It all has the fringe benefit of controlling inflation. It is rising wages and domestic prices due to monetary inflation that make cheaper foreign goods more attractive leading to trade deficits. The Germans (and the Japanese by the way) understand this very well.

4 posted on 02/05/2012 3:44:07 PM PST by BfloGuy (The final outcome of the credit expansion is general impoverishment.)
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To: bruinbirdman

Recalling the old saw from Margaret Thatcher that socialism works until they run out of other people’s money, now some people are finding out how hard life is going to be when the future they have worked so hard to achieve has finally arrived.


5 posted on 02/05/2012 4:13:11 PM PST by theBuckwheat
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To: bruinbirdman
“... must inevitably trap France in mercantilist subordination to Germany.”

Not inevitable at all, IMHO. The article provides no supporting evidence for this assertion.

6 posted on 02/05/2012 4:18:39 PM PST by USFRIENDINVICTORIA
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To: bruinbirdman
A-E Prichard, an anti-austeritist, favourably refers to J-B Colbert, the 17th century finance minister. AEP says:

"Germany has overplayed its hand badly and will face a whirlwind diplomatic retribution".

On the contrary, money talks, not diplomacy. Colbert himself said:

"It is simply, and solely, the abundance of money within a state [which] makes the difference in its grandeur and power."

AEP calls all those who insist that Europe lives within its means "pub bores" with "an old meme".

Germany will not pay for profligacy of the Latin and Greek states no matter how old the "meme" becomes.

8 posted on 02/05/2012 5:04:49 PM PST by Praxeologue
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To: bruinbirdman
"...must inevitably trap France in mercantilist subordination to Germany."

Say the more recent, wanna-be Romans behind The Telegraph and other outlets. Germany and France have been tightening up while trying to maintain peace with their southern neighbors. Tough attempt to balance the two efforts. Meanwhile, the Brits stir the pot.

Maybe several of the more productive European nations should consider the krona, and just let their coveting neighbors try to start a war.


9 posted on 02/05/2012 5:40:23 PM PST by familyop (We Baby Boomers are croaking in an avalanche of rotten politics smelled around the planet.)
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To: bruinbirdman

10 posted on 02/05/2012 6:38:28 PM PST by MrBambaLaMamba (This Message Contains Privileged Attorney-Client Communications)
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To: bruinbirdman

Germany is a single non-leftist (at least the Western states(lands) nation left in Europe. it is not surprising they are winning competition.
Of course, others are to blame Germany for their own faults but it has nothing to do with another unfriendly takeover.


12 posted on 02/05/2012 11:19:02 PM PST by cunning_fish
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