March 24, 2010

But some excessive virtues might not be a too bad vice for the world economy.

Sir yes, yes and yes I would absolutely agree with Martin Wolf that Germany must increase its demand, if only he could be able to hint at exactly what the Germans could be demanding more of in order to achieve a sustainable growth, “Excessive virtue can be a vice for the world economy”.

Perhaps, taking advantage of their currently quite green mindset, we could convince them to make a helicopter drop of resources on some green projects… that virtue, even though sounding a bit excessive, would perhaps not be a vice for the world economy.