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Comment Re:Citizen of Belgium here (Score 1) 1307

Even if the money was printed and then given to the IMF, the moment the money was printed, the value it has came from devaluing all of the other money in circulation.

This is only true in an economy that's already working at 100% capacity. That hasn't been the case for a long time now. In the current situation of idling economy some actor getting more money will likely simply activate idle production capacity, which will actually increase the size of the market and the value of existing money.

Of course, the whole idea that supply exceeding demand can cause a crisis speaks for the absurdity of the entire economic system. It might be best to focus efforts on coming up with its replacement.

Comment Re:Citizen of Belgium here (Score 1) 1307

But if he keeps asking for more I'll get pissed and stop giving.

I guess this explains why we still have beggars, even in countries that struggle to get rid of all their excess food: making people's survival depend on your goodwill gives you a way to keep them in their place.

And that about sums up EU as well.

Comment Re: Good for greece (Score 2) 1307

The eurocrats are of course thugs, but limiting how much they'll shake down the rest of their subject citizens to subsidize Greece is not a great example of their thuggishness.

However, putting fiscal policy based on ideology and dreams of building a new gold standard over the wellbeing of people is. And will likely be the death of the entire EU at this rate.

Comment Re:What they are cheering about? (Score 1) 1307

Mind you - I am Polish and here also people HATE to pay taxes - they know that their taxes are being spent in wrong ways usually, the taxes fuel a caste of mindless clerks etc. but nevertheless Polish people DO PAY taxes like VAT and icome.

So you're proud to be paying taxes spent in the wrong way? Congratulations on being part of the problem.

Comment Re:I hope for an agreement (Score 1) 1307

Should each state in the US have its own currency?

If you live in California, Texas, or Alaska, you probably would say yes. We lose money to the federal government every year, to pay for things in other states that we (at least in California) can't even afford. If you live in some other state, you would probably say no.

Comment Re:Good for greece (Score 5, Insightful) 1307

just to pick one category, a military without any hardware isn't much of a military. But the concept that Greece can't pay back its loans is a lie.)

Greece can't pay back its loans and basically remain Greece. You never give an order which you know will not be followed. And you should know ahead of time whether your orders will or will not be followed.

(Note: the Troika isn't faultless either. In exchange for loans, rather than focusing on trying to improve the raw numbers with austerity, they should have been focused 100% on trying to force you to fix your structural problems so you can be competitive enough to stay in Europe. They tried to tackle the root problem in a totally counterproductive way and ended up earning a lot of hate for that.

Notably, austerity tends to shut down the economy, which will only lead to further financial insolvency.

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