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Greece: they must not pass | 453 comments (453 topical, editorial, 0 hidden)
Re: South of the rhine? (4.00 / 4)
Improbable. No citizenry anywhere has ever preferred wage suppression and unemployment to inflation

Er, not true. I know of one. :-(

by Katrin on Tue Feb 14th, 2012 at 05:32:39 PM EST
[ Parent ]
Re: South of the rhine? (none / 1)
No, they have been offloading the unemployment on the rest of the Eurozone.

If you had 20 % unemployment in Germany (which you would if you had implemented the Hartz idiocy in a floating exchange rate system), no sober German would have supported the inflation first policy.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Tue Feb 14th, 2012 at 05:37:12 PM EST
[ Parent ]

Greece: they must not pass | 453 comments (453 topical, 0 editorial, 0 hidden)
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