A state quota for Germany brake!
December 12th, 2010
Public debts rise steadily. The so-called debt brake should, if they will ever take effect, limit the future funding of the state over burdensome debt. Behind this is the most laudable idea that citizens must be protected by tomorrow before the burdens of unrestrained public consumption today. Put another way: the excessive time-preference of today's consumer society in favor of increased future preference of saving must be lowered. Readmore…