kcharlie
24 Dec 2012
News / Failures of Poland and Tusk`s government [191]
I agree to an extent. And even if it does, as long as it stays out of the Euro, it will be able to print money to inflate the debt away. Heavy overreliance on debt, even if it can be printed away, is not good fiscal policy, though.
What evidence is there for that? And don't you see, even if the other parties were worse, the ruling party have always been parading themselves as economic liberals, and yet what we've seen from them is increasing taxes from an already high level and increasing spending even faster and running up debt, so that future tax rises are inevitable. Tax and spend is not liberal policy and runs the risk of choking the economy in the future. And it's a complete failure and utter hypocrisy of the Tusk government to fail to live up to its purported values and, in fact, to do the very opposite, regardless of whether the other parties are better or worse.
I myself am not an economic liberal and tend to lean towards more of a middle ground, recognising that state involvement in the economy is sometimes beneficial, but whatever hopes I had for Tusk's party reducing Poland's tax burden were completely dashed.
I can't imagine a worse thing for Poland to do. To run up debt in inflatable złoty and then convert it into a hard currency the NBP has no control over and be at the mercy of the German-controlled ECB is complete and utter madness.
If you're running up debt, at least run it up in your own currency so that, if the sh*t hits the fan, you can inflate it away and stop the Mario Montis and Angela Merkels blackmailing you into wrecking your economy.
It is mindboggling that the prime minister of a country can act in a manner so contrary to its national interests. But Poland is not alone in this. Greece and many other EU states have been doing the same all along, with the Germans most certainly enjoying a bit of schadenfreude and benefiting as a result.
Guys, be reasonable. Poland will never reach Greek levels of debt.
I agree to an extent. And even if it does, as long as it stays out of the Euro, it will be able to print money to inflate the debt away. Heavy overreliance on debt, even if it can be printed away, is not good fiscal policy, though.
It is not insanity, but wisdom. What opposition parties propose to do with Polish economy after winning elections would be much worse than current government.
What evidence is there for that? And don't you see, even if the other parties were worse, the ruling party have always been parading themselves as economic liberals, and yet what we've seen from them is increasing taxes from an already high level and increasing spending even faster and running up debt, so that future tax rises are inevitable. Tax and spend is not liberal policy and runs the risk of choking the economy in the future. And it's a complete failure and utter hypocrisy of the Tusk government to fail to live up to its purported values and, in fact, to do the very opposite, regardless of whether the other parties are better or worse.
I myself am not an economic liberal and tend to lean towards more of a middle ground, recognising that state involvement in the economy is sometimes beneficial, but whatever hopes I had for Tusk's party reducing Poland's tax burden were completely dashed.
The funniest thing is Tusk starting to bring up "let's join Euro zone soon" issue again, If he again manage to brainwash all this plebs, I will give up my citizneship and become a stateless person.
I can't imagine a worse thing for Poland to do. To run up debt in inflatable złoty and then convert it into a hard currency the NBP has no control over and be at the mercy of the German-controlled ECB is complete and utter madness.
If you're running up debt, at least run it up in your own currency so that, if the sh*t hits the fan, you can inflate it away and stop the Mario Montis and Angela Merkels blackmailing you into wrecking your economy.
It is mindboggling that the prime minister of a country can act in a manner so contrary to its national interests. But Poland is not alone in this. Greece and many other EU states have been doing the same all along, with the Germans most certainly enjoying a bit of schadenfreude and benefiting as a result.