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So they are making political decisions all the time.

Economics is politics by other means
by Migeru (migeru at eurotrib dot com) on Tue Apr 12th, 2011 at 07:15:45 PM EST
[ Parent ]
but these are passive decisions, not active ones. I agree it's a political choice, but it's not exactly a "decision" in that it requires doing nothing, or close to that (or worse, most of the times these days: doing almost nothing and pretending you've taken big decisions - something which decredibilises political decisions in making it look like "big decisions" don't change a thing)

Wind power
by Jerome a Paris (etg@eurotrib.com) on Wed Apr 13th, 2011 at 05:45:25 AM EST
[ Parent ]
Once again "the Euro can do no wrong", only this time it's "they just fail to do the right thing, or anything for that matter" version.

Economics is politics by other means
by Migeru (migeru at eurotrib dot com) on Wed Apr 13th, 2011 at 05:53:43 AM EST
[ Parent ]
An optimist will note that the Euro could be saved at any time by sound policy.

A pessimist will note that nobody in a position of power to help implement sound policy gives any indication of being able to even think in terms that makes it possible to talk about what a sound policy is.

I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.

by BruceMcF (agila61 at netscape dot net) on Wed Apr 13th, 2011 at 01:52:42 PM EST
[ Parent ]
That is why the whole spectacle is like watching a bad horror movie. Everyone is inexplicably paralyzed while being engulfed by their doom. But in this case, some of us can see how the whole "crisis" could be resolved, but that would require dialing back the looting, or wealth transfer, if you prefer, by the financial elites and doing it by political means.

The elites, collectively, cannot bring themselves to moderate their greed even in the interests of prolonging their highly successful game, and all others have not been able to bring themselves to stop the elites or even to significantly oppose them. So we roll onward towards the cliff that lies ahead. The question that remains is the extent to which those elites and those who serve them understand this and are just caught up "riding the tiger", are complete, unquestioning believers in the propaganda that has been promulgated on their behalf or simply don't care about the consequences and are convinced that the consequences will be for others.

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."

by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Thu Apr 14th, 2011 at 07:43:56 PM EST
[ Parent ]

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