The graphs are plain awful .. Archived Message
Posted by Shyaku on February 9, 2019, 9:03 am, in reply to "Kontrast.at: Portugal has found an antidote to right wing populism"
If you draw a graph showing GDP starting to rise in 2013 and credit that to a socoalist elected in 2015, you deserve to be laughed at for both the graph and the conclusion. GDP increases stabilized after 2015. But what is the relevance of economic growth that is below the rate of interest anyway? In the fractional reserve banking system, the economy has to grow at more than the rate of interest in order just for all debts to have a chance of being payable - keep growing in order to stand still. I agree with the basic premise that an economy can't grow by cutting aggregate demand, but according to the first graph at least, it did. - Shyaku
|
|