Spending Your Way Out of Recession

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Equador spent its way out of deep recession and did it quickly.

Poverty rates fell, unemployment fell, social spending way up, wages are rising faster than inflation.

It seems they turned their backs on self-feeding austerity, raised taxes on the wealthy, spent money into the economy and are prospering.

In the meantime, the U.S. and Europe cling to the failed neo-liberal economic model embraced by both U.S. political parties. to varying degrees..



It's probably a pity libertarians and others on the right can't get what's actually proven to be so...not only in our own past, but also in Equador's present..

"Ideological thinking can learn nothing new even if it is something that has just come to pass". - Arendt. How true.

Retired Monk - "Ideology is a disease"

Jul. 31, 2007 4:01 pm

Carbon Tax... Where Should We Start?

In Washington State a fierce debate has erupted over a ballot measure aimed at fighting climate change. As the reality of runaway climate change continues to sink in, the question of what do about it gets even more pressing.

We are not just dealing with the possibility of a few hotter days there - or a few nastier thunderstorms there.

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