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because it is?

This is a start-up euro crisis. This is a monetary crisis if it ever was one. You can also call it an ECB crisis, but what is not, it is a debt crisis. In TINA world, yes, this is a debt crisis, and the euro is the new gold standard. But in the normal Say-Keynnes-Fisher-Galbraith-Minsky-Friedman world, this is a monetary crisis which has been made an euro-crisis by the sheer stupidity of the ECB and the Austrians.

A pleasure

I therefore claim to show, not how men think in myths, but how myths operate in men's minds without their being aware of the fact. Levi-Strauss, Claude

by kcurie on Tue May 31st, 2011 at 06:43:48 AM EST
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