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.
James is a federalist dreamer also. It aint gonna happen. With all the fuss about troika, giving money endlessly to one member state is not going to work either. If they force Greece to adopt reforms for the money then this is not democracy. I have not yet heard any realistic plans from the lelt to continue with euro and end austerity. Varoufakis proposed to create bank dictatorsip basically, that's how much these dreamers love euro. (ECB would buy ESM bonds and ESM would invest massively in member states, that's bank dictatorship, some unelected mandarins would decide what to invest in).
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"Only the No Can Save the Euro"
James is a federalist dreamer also. It aint gonna happen. With all the fuss about troika, giving money endlessly to one member state is not going to work either. If they force Greece to adopt reforms for the money then this is not democracy. I have not yet heard any realistic plans from the lelt to continue with euro and end austerity. Varoufakis proposed to create bank dictatorsip basically, that's how much these dreamers love euro. (ECB would buy ESM bonds and ESM would invest massively in member states, that's bank dictatorship, some unelected mandarins would decide what to invest in).
Last time I looked there was a severe supply side issue with Solomons.
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