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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (871247)	7/8/2015 12:46:46 PM
From: i-node	Read Replies (3) \| Respond to of 1576160

>> This was so predictable that Milton Friedman predicted it back in 1997. So predictable that even the Washington Post finds it necessary to admit that the most brilliant economist on the planet was right. Perhaps we should look at the other things he could see to which Krugman was blind.

To: tejek who wrote (871247)	7/8/2015 12:59:39 PM
From: Road Walker	Read Replies (1) \| Respond to of 1576160

Now let's be clear: the first year or two after leaving the euro would be complete hell. Unemployment would spike, inflation would too, bankruptcies would spread, and oil might need to be rationed. But that pain would pass, and when it did Greece would be left with a cheaper currency that would make its exports and tourism more competitive. Recovery would follow, and it could follow fast I think the recovery would be faster... at least if the Greek government got its act together, which is a lot to ask if you've ever been to Greece.