The Homa Files

Below is a link to still another article on whether the apparently successful German austerity program trumps the U.S’s spending spree program …

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Germany has cut government spending and its economy is growing smartly.

Germany’s real output expanded at a robust 9% annual rate in the second quarter, while the U.S. economy grew at an anemic 1.6% rate.

So is Germany now a role model for how to recover?

By comparison with U.S. policy makers, “we (Germans) take the longer view and are, therefore, more preoccupied with the implications of excessive deficits and the dangers of high inflation.”

Full article: WSJ, The German Miracle: Another Look, Sept. 8, 2010  

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