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Politics : Formerly About Advanced Micro Devices
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To: tejek who wrote (681973)10/31/2012 7:10:52 PM
From: i-node  Read Replies (1) of 1572942
 
* I'm starting to get the impression that austerity doesn't work: "Euro zone unemployment set another record in September, official data showed Wednesday, with 18.49 million people out of work in a weakening economy. The jobless rate in the 17-nation currency union ticked up to 11.6 percent from the 11.5 percent in August."


Has someone proposed austerity as a short-term solution to unemployment? If so, I haven't heard it.

You can get a short-term bounce from the improved economic outlook resulting from competent fiscal management. But long-term, if you reduced unemployment it can come only from business. ONLY from business. And only with sound fiscal & monetary policy.
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