Sunday, March 7, 2010

Some Pride, Some History, Some Greek Introspection and a Solution to the Greek Crisis

by the newly self-proclaimed economist, Taki Theodoracopulos.

A fascinating exposition and a damn decent solution to the Greek crisis is out by Taki. The only changes that I would make are to pay the Greek deficit off not at full value in drachmas, but at 10% of its face value, in drachmas, of course. I would also freeze the drachma money supply so that it could never, ever, ever be increased again.

Read the Taki solution here.

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