I've heard it from several other places. What's surprising is its source.
On Sat, Jun 19, 2010 at 8:00 PM, Michael Perelman
<[email protected]> wrote:
> I found this in Businessweek. Is this knowledge common sense? Are people
> breaking through the fog of economics?
>
> For Greece, the price imposed by the EU and the International Monetary Fund
> for continued euro zone membership is a long walk over hot coals.deep
> budget cuts, steep tax hikes. "What the IMF is asking Greece to do borders
> on insanity. It's going to drive Greece into a deep recession and increase
> its debt-to-GDP ratio," says Desmond Lachman, a resident fellow of the
> conservative American Enterprise Institute in Washington.
> --
> Michael Perelman
> Economics Department
> California State University
> Chico, CA 95929
>
> Tel. 530-898-5321
> E-Mail michael at ecst.csuchico.edu
> michaelperelman.wordpress.com
> _______________________________________________
> pen-l mailing list
> [email protected]
> https://lists.csuchico.edu/mailman/listinfo/pen-l
>
--
Jim Devine
"Those who take the most from the table
Teach contentment.
Those for whom the taxes are destined
Demand sacrifice.
Those who eat their fill speak to the hungry
of wonderful times to come.
Those who lead the country into the abyss
Call ruling too difficult
For ordinary folk." – Bertolt Brecht.
_______________________________________________
pen-l mailing list
[email protected]
https://lists.csuchico.edu/mailman/listinfo/pen-l
