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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Tuesday, June 30, 2015
Interview: Greek Bailout Saved Bankers, But Punished the People — TeleSUR interviews Turkish economist Ozlem Onaran
As Greece prepares for a referendum on further austerity proposals, teleSUR explores the legitimacy of the Greek debt.
"In fact, almost all of the funds which Greece borrowed ended up in banks, and a small percentage actually went to the government "
ReplyDeleteNo shit Sherlock where else is it supposed to go?
"The govt never has or doesn't have 'money' "
All the govt institution ever has is authority. ... unless we are living in this current bizarro-world upside down libertarian utopia. ..
ReplyDelete