Some readers have encouraged me to provide an MMT perspective on Cyprus. First a caveat: I have no special expertise on that country. However, as all of you know, MMTers have been warning about the fate of Euroland for almost two decades. As you watch one after another of those dominoes fall, you cannot help thinking about theWild Africa documentaries you watched on TV when you were a kid.
Remember when the pair of lions sneak up on a herd of wildebeest? The lions pounce on the weakest one. The others are startled, watch the lions munching on their brother for a minute or two, and then go right back to grazing. “Better him than me”, they appear to think. And so goes Iceland, Ireland, Spain, Portugal, Italy, Greece and Cyprus. The Dutch and French and Germans just keep grazing that grass.
Ok so what went wrong in Cyprus.Economonitor — Great Leap Forward
What Went Wrong in Cyprus: an MMT Perspective
L. Randall Wray | Professor of Economics, UMKC
1 comment:
"Remember when the pair of lions sneak up on a herd of wildebeest? The lions pounce on the weakest one. The others are startled, watch the lions munching on their brother for a minute or two, and then go right back to grazing...."
Wrong....
http://mikenormaneconomics.blogspot.com/2011/10/video-buffalo-exhibit-more.html
These human actions we are witnessing have fallen below the righteousness level of some species of wild animals.... pretty humiliating for "Team Human"...
rsp,
Post a Comment