Tag Archives: France Needs A “Thatcher Moment” But First A Depression

Mish/ Mike Shedlock – France Needs A “Thatcher Moment” But First A Depression – 2 September 2014

MishMikeShedlockIt is amusing reading day in and day out the Keynesian cure for what ails Europe, especially France.

Consider France. Public spending amounts to 57% of French GDP, yet Keynesians want still more. The sad irony is that 100% would not be enough. In fact, it would make matters worse.

France suffers from too much government spending and too much government interference everywhere one looks. Continue reading