Europe is the poster child of Keynesianism. The southern countries ran huge government deficits for a decade. There was a boom. But that boom has ended. Mediterranean nations are in depressions. These depressions are getting worse.
Hans-Werner Sinn is a German economist. He is known as one of the most pessimistic economists in Europe. But, compared to what is facing Europe, he is a raging optimist.
He spoke at the Peterson Institute. That organization is closer to economic reality than other Establishment think tanks. It allows some bad news to be discussed. Not statistically inevitable bad news, but some bad news.
