Stability has been much discussed lately but with little useful results. The real problem is not Greece, but that irresponsible finances in *one* medium-to-small country of no major international significance (not a banking center, source of a critical natural resource, etc.) threatens the world economic system. That is seriously unacceptable instability. If the survival of the world economic system requires that *every* country with a GDP larger than um, Massachusetts behaves responsibly at all times, we're doomed.
(Posted as a comment to Naked Capitalism)
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1 comment:
More posts would be appreciated. I can't always thumb through the rant at Yves' shop. You I listen to and weigh every word.
Thanks.
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