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Originally Posted by The_Rorschach
Governments cannot fix recessions, they are natural to capitalistic economies. The recession is a natural liquidation process, and any governmental interference will only prolong it and make it perminent. The only way a government can act positively is to speed it up, and that can only be done by cutting its own spending.
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In the 1930's European Governments put money into 'Job creation schemes' to reduce the effects of the American inspired worldwide recession. Europe were then on course to have emerged from the recession before the US if it hadn't been for the wars.
Also, in Europe, there hasn't been a major recession at any time there has been a majority of socialist governments.
I don't credit your view on this issue, Ror. :/