6 de mayo de 2010

Mas sobre la tragedia griega

Robert McTeer, analista del National Center for Policy Analysis, señala que la mejor solución al problema económico de Grecia (lo que hemos denominado la tragedia griega) es que ese país se salga de la zona del Euro.

... If a country is unable or unwilling to impose monetary and fiscal restrictions on itself, then a flexible rate makes the necessary reduction in real income only as painful as it has to be--not more painful because of sticky prices and wages during a deflationary period.

I understood this principle in school, but I never thought I would see it demonstrated on the TV as riots in the street. Dropping out of the Euro-zone would be a drastic solution to the Greek tragedy, but it would be a clean solution.

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