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What Greece Should Do
Economic Policy journal ^ | may 29,2012 | Robert Wenzel

Posted on 05/30/2012 6:24:12 PM PDT by arthurus

Staying in the eurozone will mean that the country will be lorded over by bankster operatives. They will provide enough money to keep the country alive, but they will also demand allegiance to their plans of "austerity", which will mean more cuts in government services, higher taxes and better tax collection methods. It won't be pleasant for anyone in Greece. ... But there is a better alternative . That alternative is for Greece to leave the eurozone and return to the drachma.

Here's how this could be done in a way that could put Greece on its way to a miracle economic recovery:


TOPICS: Business/Economy; Foreign Affairs
KEYWORDS: default; drachma; euro; greece
Rational measures can never be implemented in politics.
1 posted on 05/30/2012 6:24:22 PM PDT by arthurus
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To: arthurus

Greece should accept that they are about to become a 3rd world country.


2 posted on 05/30/2012 6:35:45 PM PDT by Paladin2
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To: arthurus

There are Greeks in America (came here Completely legally) who are fantastic entrepreneurs.

This is a key source for such a push.

People Love to vacation in Greec; a return to a drachma that is cheap relative to dollars and other currencies, a stable and secure environment and a spirit of liberty and free enterprise would be a good foundation for a super rebirth of the Greek economy.

It must be built on real productivity, i.e., the private sector producing goods and services.

This is all fairly obvious.

But large banks will be reaching insolvency in Greece and Spain soon - and the management and employees of those banks do not want the large banks to fail; they then have to look for a new gig. So they feed the press the story that the whole world will collapse if a few big banks go bankrupt.

It’s called redeploying resources, it’s necessary at this point.

We here in the U.S. are really in the same boat.

The first key element is morality. If society as a whole is immorality run amok, the leaders of society will reflect that situation, and business and political leaders will be greedy and power-hungry and waste any success. While of course we can’t expect perfection, over the past 150 years or so there as been a steady decline in social mores and the morals represented in legislation.

The poster-child time period for not taking advantage of “the good times” is the U.S. during the 1990’s boom.

A unique situation with computers that created the “boom” was obviously going to end in about February 2000, but no one cared to think about that, they were all too busy gleefully throwing money around, drunk on their perceived success. So a valid, sustainable free market was not created during that time and government did not roll back regulations that create an inhospitable legal environment for small business.


3 posted on 05/30/2012 7:13:05 PM PDT by PieterCasparzen (We have to fix things ourselves.)
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To: arthurus
Staying in the eurozone will mean that the country will be lorded over by bankster operatives.

Because balancing your budget is slavery to... banksters?

4 posted on 05/30/2012 10:08:27 PM PDT by marron
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To: arthurus

“Rational measures can never be implemented in politics.”

You can’t really expect people to act like adults, can you? /s

I don’t imagine the Greeks will manage themselves any better after leaving the EU than before joining the EU.


5 posted on 05/31/2012 1:22:07 PM PDT by TexasRepublic (Socialism is the gospel of envy and the religion of thieves)
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To: TexasRepublic

Greeks will be Greeks.


6 posted on 05/31/2012 6:42:37 PM PDT by arthurus ( Read Henry hazlitt's "Economics In One Lesson")
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