The centerpiece of the recent economic summits is the debate between austerity and investment as the righteous path in our current economic climate. No doubt, this is a debate which has been played out here on the USMB well before the G8/G20. I side with the US and the worlds vibrant economies in support of the need to invest in the economic recovery and manage monetary policy in the defense of the national economy at this juncture. Europes stagnating dinosaur economies aim to protect their colonial gains with their alternative, decidedly conservative approach. Jobs, interest rates and a double-dip which may reverberate internationally hang in the balance. Whos got the winning horse in the race?