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Greece is the word.
1 posted on 01/26/2015 10:47:29 AM PST by Citizen Zed
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To: Citizen Zed
Some past Nobel Prize winners:

Paul Krugman - Economics
Yassar Arafat - Peace
Barack Obama - Peace

Enough said

2 posted on 01/26/2015 10:50:01 AM PST by Michael.SF. (It takes a gun to feed a village (and an AK 47 to defend it).)
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To: Citizen Zed

How dare Germany have the audacity to want it’s loan paid back.


4 posted on 01/26/2015 10:52:02 AM PST by DoodleDawg
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To: Citizen Zed

He is in the Krugman mold, an Ivy League, Nobel winning fool who thinks Europe should have more France and less Germany. His ideas are the reason Europe is trapped in slow to no growth and high unemployment.


5 posted on 01/26/2015 10:56:50 AM PST by colorado tanker
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To: Citizen Zed

Some background on Stiglitz:

http://inglouriousbasterds.wikia.com/wiki/Hugo_Stiglitz


6 posted on 01/26/2015 10:57:05 AM PST by headstamp 2
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To: Citizen Zed

Germany has considered it. I never did find out whether those stacks of newly printed Deutschmarks that were rumored to have been stashed in the Bundesbank cellar were real. However, in this particular case, someone has to provide the money that Greece is still spending in deficit to run its government and its social programs. A chart I saw on FR yesterday suggests that they’ve slashed spending by 25%, which is a great start, but (1) they still need to borrow the overage, because (2) they can’t just print the drachma to cover it like the U.S. can with dollars. Stiffing your biggest creditor is probably not very conducive to future loans from anyone, much less that creditor, and that creditor leaving the Eurozone is worse. The money has to come from somewhere.


7 posted on 01/26/2015 11:01:36 AM PST by Billthedrill
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To: Citizen Zed
Greece is not the only economy struggling under the euro, and that's why a new approach is needed, Stiglitz said. "The policies that Europe has foisted on Greece just have not worked and that's true of Spain and other countries."

It is only Germany's fault because they let Greece and the other problem countries stay on the dole so long. Right now Europe has the choice for the euro to be the old German mark or the old Italian lira. This author is arguing for the lira.

8 posted on 01/26/2015 11:06:23 AM PST by KarlInOhio (Darth Obama on 529 plans: I am altering the deal. Pray I don't alter it any further.)
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To: Citizen Zed

Same problem they’ve had since the creation of the Euro. Germans need to work until they’re 70 so that Greeks can retire at 50.


10 posted on 01/26/2015 11:09:36 AM PST by Pan_Yan
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To: Citizen Zed

The Euro shouldn’t exist. Greece shouldn’t have been in the Euro. Once in the Euro, it should never have been allowed to borrow at near German rates for 7 years running. Once Greece borrowed too much, it should never have been given more.

You see, the whole EU system is a failed social-engineering project dreamed-up by EU socialist elites. One bad decision has engendered an endless chain of errors, each trying to cover for the last. Now its up to the ECB, that other massive statist social-engineering tool, to begin printing money and stealing from savers and producers to bail out Brussels endless folly.


12 posted on 01/26/2015 11:12:03 AM PST by PGR88
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To: Citizen Zed

Sorry, but associating the word “Nobel” with anything honorable (except for physics and the other real sciences) pretty much destroys an argument.

Appropriate examples were provided above my comments.

And remember, if you want to totally annihilate an opponent, just yell “Krugman, Krugman, Krugman”.


14 posted on 01/26/2015 11:13:53 AM PST by Da Coyote
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To: Citizen Zed
Nobel Prize-winning economist Joseph Stiglitz

I prefer his brother, Hugo....


15 posted on 01/26/2015 11:14:44 AM PST by dfwgator
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To: Citizen Zed
Mr.

can stick it where the sun don't shine!
19 posted on 01/26/2015 11:31:05 AM PST by Jack Hydrazine (Pubbies = national collectivists; Dems = international collectivists; We need a second party!)
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To: Citizen Zed

The new Greek Government has their first meeting......

“Well, we can try to figure out how to make and sell stuff that the rest of the world wants......orrrrrrrr......we can get drunk and start paying people with rocks. Which is it?”

“Opa! Opa! Opa!”


20 posted on 01/26/2015 11:31:49 AM PST by blueunicorn6 ("A crack shot and a good dancer")
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