Staring at the abiss with Paul Krugman | 235 comments (235 topical, 0 editorial, 0 hidden)

If someone wants a real-time demonstration of the power of the EU myth in some parts of the EU: Just read this.

Myths are powerful things. Unmovable forces.

Unmovable until gravity kicks in, of course.

by cagatacos on Sat Mar 17th, 2012 at 07:05:28 AM EST

What happens when the unstoppable force of Fisher's debt deflation meets the unmovable object of the EU myth?

There are three stories about the euro crisis: the Republican story, the German story, and the truth. -- Paul Krugman

by Migeru (migeru at eurotrib dot com) on Sat Mar 17th, 2012 at 09:00:34 AM EST
[ Parent ]

Re: Myths (none / 1)

Collapse. The question is one of the time between successive collapses and the number before the entire system collapses.

"It is not necessary to have hope in order to persevere."

by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Sat Mar 17th, 2012 at 09:16:56 AM EST
[ Parent ]

Re: Myths (none / 0)

We are between the rock of austerity and the hard place of balance-sheet recession.

There are three stories about the euro crisis: the Republican story, the German story, and the truth. -- Paul Krugman

by Migeru (migeru at eurotrib dot com) on Sat Mar 17th, 2012 at 09:43:08 AM EST
[ Parent ]

Re: Myths (none / 0)

And bound for debt-deflation death spiral.

"It is not necessary to have hope in order to persevere."

by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Sat Mar 17th, 2012 at 10:58:10 AM EST
[ Parent ]

Staring at the abiss with Paul Krugman | 235 comments (235 topical, 0 editorial, 0 hidden)

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