Art_Deco saidIt's misguided austerity that's hurt Europe economically, not liberalism. Instead of stimulating their economies they've stifled them.
Care to prove? This is following the failure of much promoted stimulus.
Just look at the DD-AA (or IS-LM) model from your first years of economics classes.
That assumes that government spending fell and that there was in fact "austerity". You should also see the numbers in the context of "stimulus" spending.
Parenthetically, it doesn't appear as if you really understand the AA-DD model (which doesn't quite constitute a "proof" in itself even if there were austerity). You might want to go further back to grade 8 math ;)
Yet it doesn't assume the fall in government spending.
All I wanted to say is that there was no expansionary fiscal policy implemented, as you've suggested by calling them "socialist policies". There were no such policies.
Care to prove that austerity is the way out to full employment?
Looking at your "pictures" of employment in EU vs USA, it is clear that implemented policies in EU did not help recovery, and not so called "socialist policies". And where did they implemented these so called "socialist policies"? and how do you define them?
And true maybe I don't understand these models. I just don't like when people blame socialists, when they clearly have no idea what socialist means.