Budget Constraints Unraveled
The ECB's rigid budget limits, established in the 1990s, have led to severe constraints on investment spending in Germany and France, particularly during economic downturns. As a result, essential infrastructure suffered, with public capital stock declining for over a decade. This long-term neglect has manifested in tangible crises, like collapsing bridges and unusable roads, highlighting the dire consequences of stringent fiscal policies.In this clip
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Odd Lots
Matt Klein on How Germany Wound up So Dependent on Russian Gas
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