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U.S. Stimulus vs. German Austerity
David Brooks compares the U.S. and German governments' reactions to the financial crisis. One borrowed heavily to stimulate its economy, the other didn't.
It's looking like the Germans got it right.
(Actually it was economist Gary Becker who did the heavy lifting. But Brooks deserves credit for reporting it.)
It's looking like the Germans got it right.
(Actually it was economist Gary Becker who did the heavy lifting. But Brooks deserves credit for reporting it.)
posted by Spencerblog at
8:10 AM
1 Comments:
David Brooks forgot to factor in one "minor" point in his article about the German economy. Germany has universal health care which is 75% Gov't paid and 25% private for others. All are covered so that businesses don't have to pay out of their profits. Maybe our economy would have been better if we passed universal healthcare like Germany. Just a minor point you forgot Mr. Spencer
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