Friday, November 07, 2008

Ireland

It pisses me off that that the EU is taking acton against Ireland for violating the deficit rules. As we face the prospect of a possible worldwide depression, we should be encouraging deficits as large as possible. I think the US should retaliate by pursuing an explicit weak dollar policy, until we break the EU and force them to run large deficits just to avoid becoming the world's economic wasteland.

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