12 December 2008

Once Again, the Germans Are a Menace to the Civilized World

I know, Godwin's law, but I completely with Paul Krugman calling out the Germans on economic policy.

Specifically, he calls out Peer Steinbrueck, the Germany finance minister, who suggests that spending programs are "Crass Keynesianism", and indirectly he calls out Angela Merkel, who is strongly resisting spending to stimulate the economy, and is instead keeping, "her trump card - tax cuts - in reserve."

So in the middle of the biggest financial crisis since the Great Depression, Merkel and Steinbrueck are advocating Hoovernomics.

I understand the hyperinflation of the 1920s and how it shaped German thought, but this is insane.

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