“How much of our money did we waste rebuilding The Thousand Year Reich in order to enable fools like this to criticise our borowing.”
What would you have the Germans do now? Stop building quality products that the rest of the world wants to buy?
He is not a fool. He’s a finance minister of a country that has a vibrant and successful export manufacturing sector.
Maybe you’d rather listen to Chavez give us economic advice?
You can pick at what I stated above all you like, but the bottom line, irrespective of whatever associated value you care to place on the Marshall Plan, is that the U.S. spent the better part of 60 years-and probably incomprehensible amounts of money-providing for the defense of Europe.
If your German Finance Minister cannot comprehend the financial consequences of this type of activity and why excessive borrowing might come into play in a situation such as this, then I think some foolishness on his part may be involved.