$37.12 donated in past month
Add comment on:When Theory and Reality Diverge
Politics forces crises and prevents their ending everyday by holding to its ideological blinders. The state is not a private household and spending cuts always strike back on other actors of the economy. Every form of austerity policy always leads to declining aggregate demand. In Spain the unemployment rate has more than tripled from around 8% to 25% today. When theory and reality diverge, the theory is wrong, not the reality.
Guidelines for commenting on news articles:
Thanks for contributing to Indybay's open publishing newswire. You may use any format for your response article, from traditional academic discourse to subjective personal account. Please keep it on topic and concise. And please read our editorial policy, privacy, and legal statements before continuing. Or go back to the article.