Suddenly two months have gone by since my last post.
My new semester has begun. Republican presidential candidates still show little appeal. The American economy is still limping but with a bit better prognosis. Any big changes? Well, Greece. Finally it has defaulted. (Technically the International Swaps and Derivatives Association declared Greece's latest deal with private lenders a "credit event.")
To mark the Greek milestone it seems appropriate to yield the floor to Paul Krugman Greek lessons? who warns against those who make Greece the bogey the U.S. will become if it doesn't cut fiscal spending.
My new semester has begun. Republican presidential candidates still show little appeal. The American economy is still limping but with a bit better prognosis. Any big changes? Well, Greece. Finally it has defaulted. (Technically the International Swaps and Derivatives Association declared Greece's latest deal with private lenders a "credit event.")
To mark the Greek milestone it seems appropriate to yield the floor to Paul Krugman Greek lessons? who warns against those who make Greece the bogey the U.S. will become if it doesn't cut fiscal spending.
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