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Krugmenistan vs. Estonia
A long but interesting read about how one country got out of a debt bubble crisis.In short, a balanced budget, cutting public sector salaries, and a short term rise in unemployment. The latter a necessary step to re-allocate labour. Posted by: phil_b 2012-07-21 |
| http://www.rantburg.com/poparticle.php?ID=348815 |