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That may be your ideal but it is most definitely not mine. I don’t understand how people can compare the austerity debacle and resulting outcomes in Greece wit
by rrdharan 5y ago
That may be your ideal but it is most definitely not mine.
I don’t understand how people can compare the austerity debacle and resulting outcomes in Greece with what the US was able to do (and turn a profit on) post financial crisis and decide that somehow the Greek way was better, countries shouldn’t be able to use monetary countermeasures, and these constraints will magically produce better politicians who will get it all right, because otherwise it would go wrong.
We’ll still get the incompetence, it will still go wrong, and the results are just worse all around.
Crypto fans obsessed with the handling of the financial crisis should brush up on the concept of Panglossian optimism.
https://en.wikipedia.org/wiki/Greek_government-debt_crisis https://en.wikipedia.org/wiki/Greek_government-debt_crisis