One of the things I admire most in people is when they are able to change their opinions based on new evidence, take responsibility for past mistakes, and move on.
Another Argument that is sort of broken; "Low-interest rates will lead to more productive investment".
For one it did lead to a massive increase in debt. But was it used for productive investments?
While there are mega-successful anecdotes in technology (US-SaaS companies) overall it doesn't look like European companies did so amazingly well on productivity.
I don't see for example how the next-gen engineers would be exited to build gasoline cars?
Hello, low-interest rate policy has been going on for 10y!
Germany sacrificed its solar panel business to the Chinese for a trade deal 🤷♂️
I guess C19 will inspire many to go to medicine but in Europe that is already a major expense for the governments and (I know it sounds terrible) there must be a limit were increasing life expectancy becomes more of a burden than a productive use of resources.
I assume you looked at where the money in the 7y EU budget would go to?
If the EU wants to be the big player it sais it is those numbers were peanuts.
Another Argument that is sort of broken; "Low-interest rates will lead to more productive investment".
For one it did lead to a massive increase in debt. But was it used for productive investments?
While there are mega-successful anecdotes in technology (US-SaaS companies) overall it doesn't look like European companies did so amazingly well on productivity.
I don't see for example how the next-gen engineers would be exited to build gasoline cars?
Hello, low-interest rate policy has been going on for 10y!
Germany sacrificed its solar panel business to the Chinese for a trade deal 🤷♂️
I guess C19 will inspire many to go to medicine but in Europe that is already a major expense for the governments and (I know it sounds terrible) there must be a limit were increasing life expectancy becomes more of a burden than a productive use of resources.
I assume you looked at where the money in the 7y EU budget would go to?
If the EU wants to be the big player it sais it is those numbers were peanuts.