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20 sats \ 6 replies \ @Undisciplined 22h \ on: Dollar mauled by Trump trade war; German 'bazooka' blasts bonds econ
Betting on military spending to boost the real economy is going to blow up in investors' faces. Oh well, tick tock next block.
At least this gives them a temporary relief and most importantly they are returning to warfare State from welfare state.
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I very much doubt they're abandoning the welfare state. They'll try (and fail) to do the "guns and butter" thing, just like America did in the 60's.
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Do they have any other option left after Trump has made "America First" his only priority. If he goes on to do what he's been announcing, Europe needs to alter its ways or be a sandwich.
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Both welfare and warfare states are bad directions. They certainly don't have to do either because of Trump.
They could do what every government should do, deregulate and lower taxes.
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They may both be wrong but Europe seems to be going with the choice they have.
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I haven't seen any evidence of welfare state reductions, so it seems they're going with both bad options.