Great blog post, although I meant less "economic illiteracy" and more "actively refusing politics" (though I guess they're related.)
> Devaluation would help many of the problems Spain, Greece, Cyprus, and others have.
That's true, but top-tier economies in the euro zone can't afford devaluation, that's why the European Commission imposes devaluation in wage and services.
What they fail to realize is that they're killing their own exports as they suffocate peripheral economies.
> Devaluation would help many of the problems Spain, Greece, Cyprus, and others have.
That's true, but top-tier economies in the euro zone can't afford devaluation, that's why the European Commission imposes devaluation in wage and services.
What they fail to realize is that they're killing their own exports as they suffocate peripheral economies.