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The opposition has been tried. See the Baltics, Ireland, Greece, Spain, Italy and heck, even Germany lately. There's plenty of evidence for the effects of hard money and austerity policies over the last four years, and it isn't pretty.
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Read about Ireland lately?
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Saying that ignores the very real long-term costs of leaving labor idle, which is bad for both those who are idle and the economy as a whole.
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They're going to be left idle either way. You want them to be so for longer than necessary? Have at it. I say, we tried propping - didn't work. Let it crater. As it does, the rest of the world craters with us. Out of the ashes we get a grand rebuild.
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It is another debate entirely. Personally, I'm skeptical that it would to much for employment and innovation, even if it has other merits, but it isn't happening anyway.
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True. But I disagree. These global monstrosities crowd out competition and are way too cozy with the govt. This is not good economically or in terms of the Republic's civic health.
