See also his May article : The Greek tragedy could have multiple acts. http://www.american.com/archive/2010/may/greek-tragedy-could-have-multiple-acts Blog: http://kenthink7.blogspot.com/index.html Blog: http://kencan7.blogspot.com/index.html
----- Original Message ---- From: Michael Perelman <[email protected]> To: Progressive Economics <[email protected]> Sent: Sat, June 19, 2010 10:51:32 PM Subject: Re: [Pen-l] Common sense on Greece Exactly, I have heard quite a few people -- even Krugman -- saying this, but someone from the AEI.... On Sat, Jun 19, 2010 at 08:19:04PM -0700, Jim Devine wrote: > 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 -- 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 _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
