Europe's Budget Compromises With France and Italy Come at a Cost - Bloomberg

Europe's Budget Compromises With France and Italy Come at a Cost - Bloomberg



my comment:



Let's just say we want more than we can pay for directly and have we maxed out what investors and workers are willing to give up to have government decide how the country's production should be divied up? And, is there a problem is we just print more and more money? Is there a point at which VAT so depresses consumption and exports can't grow enough to support the few jobs supported by high consumer prices where a big chunk of the price goes to the government for redistribution? Also, what happens when the cost of labor is totally eclipsed by low cost imports and digitalization of jobs and production and big factories are replaced with 3D printing. Is everything being spent on benefits or is money being invested for the future; and, is it better to have those with an incentive to produce for demand and productive use of resources make economic and investment plans or to have those with a feel good attitude decide and ignore economic fundamentals? I guess this beginning plethora of interactions is beyond most people's level of interest - i.e. complex interactions do lead to the "eyes glaze over" conditions.