Wednesday, November 19, 2008

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deflation has been the stimulus?

The English government has taken fiscal stimulus policy seriously, and it appears that the fiscal deficit be more than 3% of GDP . This has nothing wrong with the English public debt has fallen significantly in recent years and there is room for leftovers to make a credit card years old.

My question is, where have you been all this encouragement? Everything in tax cuts? Do you help with mortgages? "Loans to businesses? "Automatic stabilizers, as the law of agency or unemployment benefits? The government, for a change, I explained it too talented.

The question now is not whether there will be recession-duh-but whether it will last months or years. The OECD gives a truly catastrophic prediction these days, the government would be wrong to heed. The list of recommendations is to always offer (flexible employment, improve education system, make public spending more effective, more competition in many sectors), and the truth are correct. Some developments on the report (to eliminate deductions for home purchase, stop building public housing, a real stupid) are equally important.

would not be wrong for the government wake up and, really, to pass laws. Do something, by God. I know that the PP is busy looking at the wall and the soul of Navarra, but it's time to be hyperactive and adopt reforms. It is imperative, in fact.

By the way, add to the above reforming universities. With the current disaster, one can not give birth to a modern economy. Please.

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