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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: Dale Baker who wrote (189257)	5/15/2012 1:46:49 PM
From: JohnM	Respond to of 541759

How that's preferable to their current dilemma is beyond me. And I haven't the foggiest. I just read along and try to figure out who is dealing honestly with the most variables and weighting them well. I'm holding on to an overview notion that someone, I think it was Krugman, put forward sometime back, that the Greeks might do it because, while the short term would be worse, the long term, with control over their own currency, would be better. I have no serious way to evaluate that claim but it seems, on the face of it, plausible. I gather the most serious question they will have address is how bad would the short term be. And, well, how much improvement might it permit in the long term. Well, and to add another factor, at this point I suspect it's less about thinking of the Greek state as an economic rational actor (most states are imperfect fits for that model anyway) but rather as a desperate electorate which simply wants something, anything, better.

To: Dale Baker who wrote (189257)	5/15/2012 1:56:24 PM
From: bentway	Respond to of 541759

I see the Greeks as grasping at straws offered by pols offering them any relief from their pain. Even though those pols are lying, and a lot of Greeks know it.