On Sunday, nearly 62 percent of Greeks voted “no” on the European bailout of Greece in exchange for more reforms. Rejecting the European Union’s intervention was a good thing, but the problem moving forward is that nothing will really change. Once Greece exits the EU and dismisses the euro, the same mindset will rummage around Athens and the government will, unfortunately, resort back to Keynesian economic policies: high taxation, more debt and greater government intervention.
Former Texas Republican Congressman Ron Paul is out with a new video discussing and explaining the financial crisis. The three-time presidential candidate warned that Keynesian economists like Paul Krugman and other central bankers are giving the wrong advice to reinvigorate the economy: when it’s weak the government has to come to the rescue in the form of money printing.
This is Greece’s opportunity to rejuvenate its economy and start from scratch. With men like Tspiras at the helm of things, and men like Krugman and Robert Reisch inserting their opinions, it’s apparent Greece will maintain the status quo once their debts are forgiven. For shame.
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