Bill Black: Austerity During a Serious Recession Is Economically Insane - A Warning From History

"The German’s and the ECB are not demanding any sacrifices from European elites. They explicitly target the working class and government workers’ wages and oppose any increased taxation of the wealthy. The Berlin Consensus is a road map to ever greater inequality."

Bill Black


"Thank God the US opted for bailouts and not handouts...People in economic distress should suck it up and cope."