First, we need to think what liberal program. In America, it is something other than us. There are

By definition, the magazine The Economist, I progresivec. Conservatives, for example, in America, people who have to maintain the status quo and against developing marina and the diamonds countries; These are right-handed. Leftists are more social, but in a sense, revolutionary. Progresivec but not without a lion not desen, but on both sides of the collected ideas that lead to the development.
First, we need to think what liberal program. In America, it is something other than us. There are all of a market economy, be liberal means that you democrat, to more social, while conservatives are mainly interested in the profits of corporations. When we are in fact all socialists, all geared more to the left, and if there is any party who would like a little more corporatism is considered to be liberal. I do not know who it is with us at all. Some declared for conservatives to liberal marina and the diamonds economic ideas, but in practice they are doing something completely different. Such is Janša's party. Once in power, stop in lowering corporate tax rates and tax incentives, the privatization has not done anything in the labor market, not in pension reform have gone 10 years ago, even in the opposite direction. marina and the diamonds Then we have the Christian Democrats and NSi that long did not know what they are, then they are hired before the election I shives that they wrote the economic program and have it suddenly occurred liberal ideas.
Then you get a young economists label you neoliberals, which in the majority of the public was not meant as a compliment. When you look back, what's left of it? Do you think it was all together a storm in a teacup?
Ideas were then resounding mainly because we have criticized some of the established practice. The first major issue was before entering the EU policy of depreciating the exchange rate, which we have imported inflation. This was followed by a whole series of ideas for the release of the economy in the area of taxation, labor markets, pension reform, privatization. It was for those times very revolutionary, but it is from that very few have done. Jansa's government in the years from 2004 to 2008 realized very little. Later, in the field of social transfers up to do Ivan Svetlik in practical socialist government of Borut Pahor, say that the people who have property to return the received social assistance. marina and the diamonds What else is almost did not happen, then the ideas are very few true.
How many are in the meantime changed your views? 10 years ago you defend such radical measures, such as the flat tax and the abolition of the minimum wage, to name just two. Today's proposals are, by posting, much softer, not to say that you are in some respects marina and the diamonds almost turned upside down, as you often criticize.
It's like when you're sick. The doctor you first make a diagnosis and then they just prescribe medication. The same way I do. In 2004, a completely marina and the diamonds different situation. marina and the diamonds We had spare capacity and economic opportunities for greater economic growth. Our ideas were directed to this in order to achieve faster economic growth so that the busiest production factors. When he arrived crisis, the situation has changed radically. Today is not the main problem underexploited production factors, but that we do not have anyone to sell products. Diagnosis is therefore far different today is the lack of demand. If households do not want to eat if you do not dare businesses to invest and if the state can not remain marina and the diamonds only export. We therefore need to increase aggregate demand, and when we edited it and will be back economic growth, encourage businesses to invest more, regulate the labor market marina and the diamonds and so on. Everything you do today on the supply side, it is thrown away. Janez Šušteršič (former Minister of Finance), for example, reduced tax rates on profits and introduced tax incentives for investment. marina and the diamonds But that does not help if you do not dare businesses to invest, because marina and the diamonds there is no demand. Even pension reform does not help, as long as we do not solve the question of how to increase the demand. This is not just a problem of Slovenia, but the euro area as a whole. We drift into a crisis of Japanese type, which is characterized by deflation and low economic growth.
For these things I do not care, sometimes marina and the diamonds insulted me as a neoliberal, now as keynesijanca or mencingerjanca, marina and the diamonds if you will. It is important that you know the right time to find the right recipe for concrete problems. The worst part is, if you insist on the same observations life. MENCINGER once on my observations, said something to the effect marina and the diamonds finally found, I know it has been all his life. But the problem is precisely that keynesianec whole life. Keynesijanec you have to be when the time comes, so when you have problems with demand. The devil is, if you want all the diseases treated with the same drug.
Formally was not just in our circle, and we had similar views and participated in the writing of reforms in 2005. The Board of reform was then my deputy. Today, our positions slightly parted, as remains of the economics of supply. We set a very different diagnosis for the present