Monday, 4 June 2012

A mark, a yen, a buck or a pound


The people who are insisting that governments should stop being austere and start growing their economies must still believe that governments have some control over economics. 
It is clear from the endless summits and agreements that they don't.
Their solutions all depend on someone coming up with large sums of money, whether it is to bail out banks, or countries, or to pay for jobs which don't need to be done.
Economics is controlled by those who make a buck out of it. ‪And crises are great for them.

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