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Of course, absent neoliberal brain rot, nobody would have thought that a currency union could work without fiscal integration.
Austerity can only be implemented in the shadow of a concentration camp.
the -Mark, as currently constituted, would not be viable.
It doesn't matter if the debts are measured in Euros, DMs, Pesos, or the soon to be offered New Mexico Tamale. If the people who owe the money can't make money to pay it off, they don't have the money to pay it off, thus, they can't pay it off.
Maybe I'm the dumbest m/f'er on the planet, but this seems Real Simple. To me.
Skepticism is the first step on the road to truth. -- Denis Diderot
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