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| Europe |
| Krugmenistan vs. Estonia |
| 2012-07-21 |
| 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 |
| #7 Estonia first came to my view when I was doing research on firearms related fatalities. Estonia was much higher than the US (we were 12th) and I thought that was odd for a European country. I eventually wrote it off to their high consumption of alcohol. |
| Posted by: crosspatch 2012-07-21 14:40 |
| #6 ..well there is Chicago which is setting its own 'box office' records. |
| Posted by: Procopius2k 2012-07-21 12:13 |
| #5 Where's the U.S. on the graph? |
| Posted by: JohnQC 2012-07-21 11:20 |
| #4 No, it's always been high. |
| Posted by: crosspatch 2012-07-21 04:36 |
| #3 Crime goes where the money is? |
| Posted by: Charles 2012-07-21 04:07 |
| #2 Interesting. One thing I noticed was the exceptionally high murder rate in Estonia compared to the rest of Europe and even compared to the USA. What is that all about? Is this just a naturally more violent culture? |
| Posted by: crosspatch 2012-07-21 03:31 |
| #1 I took a 10 percent haircut on my salary 3 years ago, as an Estonian public servant, but I don't think you can argue with the results. We're growing at about a 6 percent clip right now, while most of Europe goes backwards. REAL austerity works. |
| Posted by: Mizzou Mafia 2012-07-21 02:36 |