.....because running the printing press to meet public spending goals worked out SO WELL in Weimar Germany, interwar Austria, Hungary, Yugoslavia, Zimbabwe, and half of the countries of Africa and Latin America.
I understand not everyone tends towards the classical and Austrian understandings of economics that I tend to hold, but one would hope that even the Keynesians and socialists out there understand that the choices facing Greece (and, ahem, the United States pretty soon) are (a) painful austerity through pension and wage cuts and (b) extremely painful austerity as no sane lender wants to do business in Greece.
Prophecy is judgement. - Prophecy is judgement, and the social media we have are a lie. The social media tell us what validates us in the hope that we will continue to use them. An...
5 hours ago