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Constantin Gurdgiev, one of the few economists in Ireland who has consistently advocated default, is also one of the most rightwing economists around.  A strange feature of the debate on default is that the ultra right economists and ex-bankers/stockbrokers/financiers have generally been more progressive on the issue than establishment, social democrat, Green, and Labour economists.

Index of Frank's Diaries
by Frank Schnittger (mail Frankschnittger at hot male dotty communists) on Mon May 9th, 2011 at 04:53:04 PM EST
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I read Zero Hedge and Karl Denninger (Market ticker), and the same can be read over there.

As I see it is a mix of: 1) Irresponsible lending should be punished (as much as borrowing) 2) The debt burden is so high that it is a mathematical certainty.

It seems that there is a substantial difference between being right-winger because one ruthlessly believes in merit/market (Karl Denninger) against being right-winger because you are in the pocket of the economic powers (or generally like to lick the a$$ of the powerful)

by cagatacos on Mon May 9th, 2011 at 05:04:43 PM EST
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