tag:blogger.com,1999:blog-9004054568791616577.post5547314269422967432..comments2024-03-15T15:43:44.292+01:00Comments on Random Comments: This One Chart Proves the Grexit is desirable, and inevitableDaniel Robertshttp://www.blogger.com/profile/01018311656329333870noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-9004054568791616577.post-26189499116800862015-05-11T08:02:54.141+02:002015-05-11T08:02:54.141+02:00Andrew,
I couldn't agree more, the NZ experie...Andrew,<br /><br />I couldn't agree more, the NZ experience was one of clearly seeing that the path of pseudo socialism simply did not work, and being highly rationale, it was the incoming Labour government that made the systemic changes that were needed.<br /><br />Greece has a long way to go, and it will be painful. My personal hope is that the past 6 years of austerity and economic stagnation and contraction will have taught a new generation of Greeks the kinds of lessons that the Americans learned through the Great Depression, and that we will see a generation of savers and economic realism.<br /><br />But fundamentally right now Greece's choices are between a couple more years of self-inflicted pain through a Grexit, or another decade of pain, or however long it takes until they Grexit, which is inevitable. <br /><br />Of course, I'm an optimist.Daniel Robertshttps://www.blogger.com/profile/01018311656329333870noreply@blogger.comtag:blogger.com,1999:blog-9004054568791616577.post-9767991811392001142015-05-11T00:29:52.003+02:002015-05-11T00:29:52.003+02:00A few points on New Zealand:
- We all pay our taxe...A few points on New Zealand:<br />- We all pay our taxes. Regularly, properly, and efficiently<br />- Our Government has mostly, over many years, spent less than we earned<br />- When we have had national disasters, we redirect spending so we keep within our means<br />- We know we prosper on the whim of world trade. That's very hard but we work to be efficient, innovative, and easy to deal with<br />- We are 2nd on the anti-corrupt countries list, Greece is 69th<br /><br />So, it's not just the actions of 1984 (though that was a massive transition for us), it's the ongoing approach and effort as well.<br /><br />I've made this comment before, just as with individuals, families, and corporations, countries have to repay the money they borrow. If they don't then no one else is likely to lend to them. That is the choice Greece faces. Repay or don't. And if they don't, then face the consequences.<br /><br />Dropping out will simply turn off the money supply. If things are bad now...<br /> Andrew NZhttps://www.blogger.com/profile/00961126056513136337noreply@blogger.com