by Summary:
Some very good points here, but Farage goes wrong when he fails to see that Greece can protect its banks by just converting domestic deposits into drachmas from Euros. Bill Mitchell has a better analysis of the need for a “Grexit” here.[embedded content]Another minor point: real GDP collapse in the US in the Great Depression was about 25%, not 16% (as Farage says). A nice graph comparing Greece from 2008 to 2015 and the US in the Great Depression can be seen here.
Topics:
Lord Keynes considers the following as important:
This could be interesting, too:
Some very good points here, but Farage goes wrong when he fails to see that Greece can protect its banks by just converting domestic deposits into drachmas from Euros. Bill Mitchell has a better analysis of the need for a “Grexit” here.Some very good points here, but Farage goes wrong when he fails to see that Greece can protect its banks by just converting domestic deposits into drachmas from Euros. Bill Mitchell has a better analysis of the need for a “Grexit” here.[embedded content]Another minor point: real GDP collapse in the US in the Great Depression was about 25%, not 16% (as Farage says). A nice graph comparing Greece from 2008 to 2015 and the US in the Great Depression can be seen here.
Topics:
Lord Keynes considers the following as important:
This could be interesting, too:
Jeremy Smith writes UK workers’ pay over 6 years – just about keeping up with inflation (but one sector does much better…)
Robert Vienneau writes The Emergence of Triple Switching and the Rarity of Reswitching Explained
Lars Pålsson Syll writes Schuldenbremse bye bye
Robert Skidelsky writes Lord Skidelsky to ask His Majesty’s Government what is their policy with regard to the Ukraine war following the new policy of the government of the United States of America.
Another minor point: real GDP collapse in the US in the Great Depression was about 25%, not 16% (as Farage says). A nice graph comparing Greece from 2008 to 2015 and the US in the Great Depression can be seen here.