Mike Lofgren: The Austerity Trap – Is Past Prologue? – Should Germany Grant Debt Relief as It Was Granted Debt Relief?
The Austerity Trap: Is Past Prologue? Mike Lofgren, Huffington Post, 10/11/2012 9:42 pm A German chancellor touts austerity as the sovereign remedy for the worst global economic crisis in most people’s memory. Why? The great inflation of 1923 is still so seared into the consciousness of the German political class that keeping the stability of …