Tag Archives: Commission

The hypocrisy of Germany, as told by Bill Mitchell

This morning’s link is very good reading. Other authors, such as Jörg Bibow of the Levy Institute have written similar things, but the way Mitchell puts the whole story in a tight narrative is on another level (the benefit of discussing this outside an academic paper). I also know this history of course, but I did not connect the dots very well between this episode and the Hartz-reforms. It quite well dispells the myth of ‘German recovery through hardship.’

Anyway, go read it, you will end up wiser and will wonder why they didn’t chuck the rules out already in 2003. Oh wait, that would be admitting failure by the political elite.


Is Ireland really a success of Austerity policies? – No, says Evans-Pritchard

Is Ireland really a success of Austerity policies? – No, says Evans-Pritchard

“It is of course a fallacy to claim that Ireland’s ability to survive the poisonous 1930s prescriptions imposed by Brussels proves that austerity “works”, and a second fallacy to claim that Spain, Italy, Portugal, and Greece can therefore pull off the same feat.”