An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
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Friday, March 9, 2012
John Carney — Haircut Contagion Watch: Dallara's Comments
I was monitoring on Xm when they had this guy on and thought the same thing as John writes here:
"It hasn’t been the debt restructuring that inflicted pain on Greece. It has been the austerity measures demanded by public and private creditors. The debt restructuring actually provides some relief to Greece. Its government can spend more than it would be able to without the restructuring."
This guy Dallara was the consumate bullshitter in this piece.
I was monitoring on Xm when they had this guy on and thought the same thing as John writes here:
ReplyDelete"It hasn’t been the debt restructuring that inflicted pain on Greece. It has been the austerity measures demanded by public and private creditors. The debt restructuring actually provides some relief to Greece. Its government can spend more than it would be able to without the restructuring."
This guy Dallara was the consumate bullshitter in this piece.
Way to call him out on it John...
Resp,