Friday, February 17, 2012

Fighting Fantasy - Greek Edition

This is quite simply superb.

There may be more irritating things in life than someone brandishing a ludicrously simplistic solution to a horrendously complicated problem, and then branding anyone who demurs as some sort of idiot, but it's hard to think of any off hand.

There are problems that do not have any pleasant solutions: Greece's economic position is one of them. A choice between internal devaluation to restore competetiveness and disorderly default and subsequent external devaluation is not one between two attractive alternatives.

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