Once again, we seem to be caught in a short-term/long-term problem. I written about this here and here, although that was more in the purely political/democratic sense of the problem. The problem now is more purely economic (although political/democratic issues still pervade). The short term problem is that we may be sliding back into a recession (or worse). The long-term problem is that much of the western world has massive sovereign debt issues. More after the jump...The problem I foresee is that, as usual, the short-term problem(s) is/are bound to win out in these debates. It doesn't seem like it now, because the word of the month/season is
Deficit Disorder
Deficit Disorder
Deficit Disorder
Once again, we seem to be caught in a short-term/long-term problem. I written about this here and here, although that was more in the purely political/democratic sense of the problem. The problem now is more purely economic (although political/democratic issues still pervade). The short term problem is that we may be sliding back into a recession (or worse). The long-term problem is that much of the western world has massive sovereign debt issues. More after the jump...The problem I foresee is that, as usual, the short-term problem(s) is/are bound to win out in these debates. It doesn't seem like it now, because the word of the month/season is