Wednesday, August 27, 2014

Greek Crisis and the Dark Clouds Over the American Economy — C.J. Polychroniou Interviews Dimitri B. Papadimitriou

Is the Greek crisis nearly over as the International Monetary Fund, the European Commission and the Greek government like to proclaim because of the sharp decline in Greek bond yields, the attainment of a primary surplus and an increase in foreign tourism? If so, what about the 27.2 per cent of the population that remains unemployed and the widespread poverty across the nation, the ever growing public debt ratio and the dismal state of Greek exports? And what about the United States? Is America on the way to becoming Greece as many Republicans claimed a couple of years ago? Dimitri B. Papadimitriou, executive vice president and Jerome Levy professor of economics at Bard College, and president of the Levy Economics Institute at Bard, who foresees Greece emerging into a debt prison and a rather gloomy economic future for the United States, discusses these questions in an exclusive interview for Truthout with C. J. Polychroniou.
Truthout | Interview
Greek Crisis and the Dark Clouds Over the American Economy: An Interview With Dimitri B. Papadimitriou
C.J. Polychroniou


Matt Franko said...

"In the recent past, the United States was afraid of becoming Greece, with the Republicans using the economic catastrophe in Greece as a pretext for demanding sharper budget cuts and more European-inspired austerity."


"Steny Hoyer: U.S. risks Greece's fate with inaction"

You left-wing morons need to get your head out of your asses....

Roger Erickson said...

which blanket "you" are YOU referring to, Matt?

Papadimitriou is head of the Levy Institute,
which houses the biggest collection of MMT scholars outside of UMKC.

Wray, Kelton & Michael Hudson hold posts at both,
Tcherneva & Auerbach are both at Levy, as is Jan Kregel.
(Wynne Godley WAS at Levy, until his death)

It's more productive to acknowledge and encourage where possible, rather than sowing more frictions by carelessly lumping all together as left-wing morons.

ps: you're right that neither party, Dem nor GOP, have a lock on Deficit Terrorists
(or Semantic Weasels :) )

Matt Franko said...

Roger that was from the the guy at SO- CALLED "truthout".... not the Greek Levy guy.. which btw the Levy guy could have done better by correcting him at that point imo....


PS Roger, Rove is already on it... he has his pols attacking the Dems who have signed on to Simpson-Bowles... and Ryan has quit that is now on a new jihad against "poverty" with the Pope....

If the Dems dont get their head out of their asses they will LOSE the socio-economic justice cohort and get thrown out in the next elections....

Hoyer is the ranking Democrat minority leader... Peterson, Jr. is a Democrat, etc...