Unnecessary Instability
The risks posed by larger public deficits have focused attention on “potential output growth,” a concept originally created by economists for economists. The concept's imprecision and volatility have weakened the EU’s fiscal pact, and Europe's leaders need to reconsider their approach.
https://prosyn.org/ishYLyR
PARIS – In normal life, technicalities are better left to technicians. A car owner does not need – or usually want – to bother to find out what exactly goes on under the hood. But when the car breaks down, he or she often has no choice.