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Ralph Musgrave - Ralphanomics
Has syndicated 377 articles on The Blog Farm.
Yipee – austerity brings modernisation.
October 20, 2011, 3:38 pm +
47
In case you had any doubts as to whether the lunatics have taken over the asylum, the New York Times cites some authoritative figures round Europe to the effect that austerity in Greece will bring modernisation.
Anyone with any ideas as to how mass unemployment and cutting social security benefits helps turn an inefficient transport system into an efficient one, please leave your suggestions below. I’m always happy to learn.
Hat tip to Econospeak.
This article is copyright protected and may not be republished without permission. Visit the authors site or share this article with your friends. Thanks! COMMENTARIES (SOME OF THEM CHEEKY OR PROVOCATIVE) ON ECONOMIC TOPICS BY RALPH MUSGRAVE, DURHAM, UK. THIS SITE IS DEDICATED TO ABBA LERNER. I DISAGREE WITH SEVERAL CLAIMS MADE BY LERNER, AND MADE BY HIS INTELLECTUAL DESCENDANTS, THAT IS ADVOCATES OF MODERN MONETARY THEORY (MMT). BUT I REGARD MMT ON BALANCE AS BEING A BREATH OF FRESH AIR FOR ECONOMICS. More Posts - Website
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