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wow, sounds like they've been reading migeru!

it really is hiding in plain sight, once someone's intelligent explanation has removed the blinkers.

now this message needs to drown the vitriolic 'lazy southerners' BS that has been used to stir up the xenophobia and other social divisions!

those irresponsible pseudopundits should all be forced to go work in 40C august greek or sicilian mid-afternoon, and then apologise...

are there any studies about the human brain working 'better*' in cooler weather, i wonder.

* value of better as 'better at rational long distance cognitive skills'

and then all these cool headed nordics all want to go retire in the carefree, inefficient, slipshod, messy and colourful, sensually rich southern parts, and then bitch about how badly run they are...

which is true, especially seen from their point of view!

but you can suck on a warm juicy peach hours rom plucking while queueing for your umpteenth fruit-less altercation with some bureaucorporate placeholder, who got his gig because his uncle got it for him through giving some pol/big fish a discount on something.

whine through your wine, basically.

a friend got back from germany today after a 4 day visit, and in 3 hours on a monday morning sorted new passport, insurance plan, and some other issue that would have taken weeks if not months to botch up here in bel paese.

3 hours!

blame it on the heat i guess, i don't know what else explains it, other that the pretty much the only thing anyone might want to do in germany is work their ass off to get the money to gtfo asap.

somewhere where the sight of chimneys don't give you the shivers, and the sky turns blue every so often, just for a tantalising, torturing reminder of what you're giving up to become a more productive euro-ratracer.

whoop de doo. more chemicals and autobahn juggernauts all around.

 

'The history of public debt is full of irony. It rarely follows our ideas of order and justice.' Thomas Piketty

by melo (melometa4(at)gmail.com) on Tue Jan 25th, 2011 at 07:38:07 PM EST
[ Parent ]
More likely they've been reading Martin Wolf, Wolfgang Münchau or any of a number of German economists who are not insane.

Insanity being an apparent requirement for employment as an economist in the German government or Bundesbank...

Keynesianism is intellectually hard, as evidenced by the inability of many trained economists to get it - Paul Krugman

by Migeru (migeru at eurotrib dot com) on Wed Jan 26th, 2011 at 04:44:15 AM EST
[ Parent ]
are these insane ones the ones Marshall Auerback calls the 'hard money' crowd?

why is that term used?

TIA

'The history of public debt is full of irony. It rarely follows our ideas of order and justice.' Thomas Piketty

by melo (melometa4(at)gmail.com) on Wed Jan 26th, 2011 at 08:47:07 AM EST
[ Parent ]
They're called the "hard money crowd" because they fancy themselves to be proponents of "solid" or "sound" money - that is, low inflation.

Less charitably, they could be called the "hard money crowd" because they are in favour of pretending that their domestic currency is a hard currency.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Wed Jan 26th, 2011 at 02:50:54 PM EST
[ Parent ]
You can also call them Austrians.

They definitely behave like gold bugs, their gold being the Deutsche Mark.

In their futile attempt to preserve their net worth in a deleveraging, they kill the economy and their own net worth with it.

Keynesianism is intellectually hard, as evidenced by the inability of many trained economists to get it - Paul Krugman

by Migeru (migeru at eurotrib dot com) on Wed Jan 26th, 2011 at 04:10:09 PM EST
[ Parent ]
And as we've entered a Dark Age of Macroeconomics(tm) they probably haven't even heard of the Paradox of Thrift...

Peak oil is not an energy crisis. It is a liquid fuel crisis.
by Starvid on Thu Jan 27th, 2011 at 08:14:53 PM EST
[ Parent ]

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