Going Down, Good and Hard
Bill Quick

European GDP Takes a NoseDive – Points and Figures | Points and Figures

EU GDP drops huge.  In 2012, they didn’t have a single quarter of growth.

The EU is on the road to persistent economic contraction.

The road “to” economic contraction? Given that they’ve been contracting for the past year, it sounds to me as if they are already there.

And here is a characteristic of death spirals: They don’t move at a constant, predictable speed. Instead, they spiral out of control.

Consider Europe a living, breathing example of an economic/ideological slippery slope.

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Bill Quick

About Bill Quick

I am a small-l libertarian. My primary concern is to increase individual liberty as much as possible in the face of statist efforts to restrict it from both the right and the left. If I had to sum up my beliefs as concisely as possible, I would say, "Stay out of my wallet and my bedroom," "your liberty stops at my nose," and "don't tread on me." I will believe that things are taking a turn for the better in America when married gays are able to, and do, maintain large arsenals of automatic weapons, and tax collectors are, and do, not.

Comments

Going Down, Good and Hard — 1 Comment

  1. Isn’t the EU trying to negotiate some kind of trade agreement with us? There would have to be some kind of currency provision involved, wouldn’t there? Are we headed for the mother of all financial implosions?

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