Scottish Scam

As this blog has been informing the good reader, the national debt does effect the personal debt. This is due to the complex interaction of exchanges occurring between the producers and consumers in the global political economy. It is the case that there is a similarity when thinkng about the dynamic enviroment in which global financial interactions playing out and affecting one another. Its a ying yang sort of thing.

The subject matter at hand, is the interaction between producers and consumers at the domestic level. Looking at Europe as a case on the flipside of the American case. In Europe, the state tries to forbear debt. It seems that the EUropeans know a thing or two about misery and suffering. This is because of bad economic policies and the backlash of the people. However, trying to alleviate the problems of the people using subsidies is not always a good thing, since it does not always mean positive results.

Consider this article for example, as one piece of evidence:

A Scottish dairy farmer has exploited a glaring loophole in European law to annually earn the right to claim more than £1million in subsidies.

So, this man got the cash, exploiting the good faith and intententions of the state....leaving others in debt, and the state needlessly spending its cash. America has its own sores....