Liberal leanings...

Everybody needs a hike... capital and labor ... even the government... we need an institution to decide for returns... the central banks are run by economists...  then why we have wages and income to be decided by. the market, which works with a lag and sometimes the market rejoices beyond the resources... creating inflation in the middle... If Fed can print more money (QE) and the governments has had a coin idea...  Then why not during the slump the government reduced the stress on households during low demand and low wages/income by postponing its taxes to a later-date for households... except jobs... austerity is a bitter pill... Why we use a contractionary-policy when we need more spending (more employment) more demand and again more wages/incomes... He (Obama) should have used the trillion dollar platinum coins (much alike) for his expenditure, public-expenditure, and should have waived taxes which was a positive for the economy when he reduced taxes on the middle-class, few years back... economists backed it up...  Ricardian equivalence says the public internalises the taxes by government and that it would not affect public spending...  But, when government reduces taxes it increases demand... (the US example middle-class stimulus)... The government, in Europe, should post pone taxes, example is same... The ECB, too, should give the economy an interval... More emphasis on spending, inverse of taxes... public-private too...