Shop Mobile More Submit  Join Login
About Deviant Premium Member RobotMale/United Kingdom Groups :icondazaholics: DAZaholics
Recent Activity
Deviant for 6 Years
5 Month Premium Membership
Statistics 1,489 Deviations 5,081 Comments 137,383 Pageviews

Random Favourites


Who has the rights to the land? 

21 deviants said Whoever has the biggest army.
16 deviants said A people who were originally there.
7 deviants said A people who came along afterwards who live there now.
Lets go back to some economic basics. Weak economies need to be able to devalue their currencies to continue to trade. Greece in the Euro can't do this. So the ECB should print money, pass the money to the weaker parts,as in a unitary state, or Greece should leave the Euro. I think Greece will leave the Euro and after a couple of years it will recover. All giving Greece more loans does is prolong the illusion that it is possible to have monetary integration without political union. This will not work and is pointless as bankrupt states cannot repay loans. The analysis of the newly elected Greek government is right.

As I wrote here in December 2011.
Much like the 1930s governments in Europe are intent on balancing their budgets so reducing demand and deepening the recession. Germany demands that other countries follows its policies. If pursued this will lead to the break up of the Euro zone or worse. The correct policy would be for the European Central Bank to guarantee government bonds and to print money as necessary. Keynes although out of fashion will make a return. How long will it take people to realise? In the 1930s rearmament solved the unemployment crisis. Hopefully this time around something more useful can be created. History forgotten must be repeated.

At least the ECB is now printing more money but it should have done that years ago. How can such smart politicians ignore basic economics? 

Journal History



Add a Comment:
nzslice Featured By Owner 2 hours ago  Student General Artist
Not sure what I did to deserve such a delicious cake but I am very Grateful, Cheers! Llama Emoji 27 (Awesome) [V2] 
Roboman28 Featured By Owner 1 hour ago
bustr83 Featured By Owner 3 days ago
A very belated Thank You for the :llama: :D:D
Roboman28 Featured By Owner 3 days ago
Pajunen Featured By Owner 5 days ago  Hobbyist Photographer
Thank you for the cake badge! :cake:
Add a Comment: