The German miracle and Keynes

Looks like the Germans did economic recovery right, too. Although the brain-dead American media plays right-wing fairy tales about German "austerity," in fact, according to Der Spiegel, which called it "a Keynesian success story," they didn't hesitate to pump a lot of money into the economy when the crisis hit. They also devised policies -- sometimes called "work-sharing" -- to help companies retain workers at moderately reduced hours and pay and minimize the impact of a downturn on jobs. Today, German unemployment (as measured in the same way as the U.S. does it) is at 7.0%.

Germany continues to be a manufacturing and export powerhouse, and has embraced green energy with a vengeance. We could learn a lot, although, I know, we don't stoop to learn anything from other countries, especially not from those socialists in Europe.