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HiPointDem

(20,729 posts)

19. it's how lincoln won the civil war. it turns out just fine most of the time.

Tue May 15, 2012, 02:23 PM

May 2012

it's historically false to explain hyper-inflation as directly caused by "printing money". hyper-inflation is a historically rare phenomenon and there's always other stuff in the mix besides money-printing.

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Fast moving Events in Greece: Far left ascendant [View all] cthulu2016 May 2012 OP

Good luck, Greece. cali May 2012 #1

+1. Unprecedented financial waters here - the fall-out isn't going to just stay over there tho riderinthestorm May 2012 #2

Greece is just the tip, wait till Spain and Italy blow. The question's whether the banking scum will stockholmer May 2012 #4

I don't think gov's can or will have same reaction abelenkpe May 2012 #28

Syriza, for the win stockholmer May 2012 #3

You don't understand how much pain and chaos this would cause Greece now. randome May 2012 #5

Pain as opposed to what? The destruction the bankster oligarchy spreads is LITERALLY killing people. stockholmer May 2012 #11

Galactic size +1 nt stillwaiting May 2012 #12

count me in on that galactic size! +1 happerbolic May 2012 #23

'Tyrant'? randome May 2012 #14

Greece and its people did not cause the global financial meltdown.. girl gone mad May 2012 #76

Not all ills are equal cthulu2016 May 2012 #17

The glaring hole in your argument.. girl gone mad May 2012 #97

well... cthulu2016 May 2012 #106

The effects you described have already happened. girl gone mad May 2012 #107

Godzilla sized +1!!! Zalatix May 2012 #58

LOL! Rex May 2012 #18

Capitalist fear mongering propaganda tama May 2012 #40

Perhaps you can point to an example... randome May 2012 #42

There's no world economy tama May 2012 #45

Argentina. girl gone mad May 2012 #77

Argentina 2001. Last I checked, Argentina is doing just fine and coalition_unwilling May 2012 #82

One fundamental difference hack89 May 2012 #115

Iceland. Zalatix May 2012 #108

They embraced the international community to fix their problems hack89 May 2012 #114

Greece is in a state of pain and chaos right now. girl gone mad May 2012 #75

Those are fear tactics. The same tactics that failed in Iceland. sabrina 1 May 2012 #100

Go, Syriza, go! hifiguy May 2012 #7

that doesn't make any sense. What are they going to do? Print money? cali May 2012 #8

Again, look to Iceland, they seem to be doing fine all things considered. Lionessa May 2012 #16

Why do people always point to Iceland? former9thward May 2012 #50

Aside from the fact that Greece uses the Euro, the situations are comparable. girl gone mad May 2012 #79

Iceland borrowed billions from the IMF to fix their problem. They also are joining the EU hack89 May 2012 #62

Yes, they should. girl gone mad May 2012 #81

They implemented austerity measures to get IMF money. hack89 May 2012 #85

Iceland exited this IMF program girl gone mad May 2012 #89

Because it worked and it was no longer needed. hack89 May 2012 #91

Yes, they were able to exit and see a rebound in growth.. girl gone mad May 2012 #94

Do you read what you post? hack89 May 2012 #101

I have no idea what point you're trying to make. girl gone mad May 2012 #104

I am arguing that there is no comparison between the two situations hack89 May 2012 #111

BTW, Iceland actually increased its social spending.. girl gone mad May 2012 #105

No they can't hack89 May 2012 #113

One more thing.. girl gone mad May 2012 #109

it's how lincoln won the civil war. it turns out just fine most of the time. HiPointDem May 2012 #19

Eat well, sing and dance and live together :) tama May 2012 #46

Money also pays for research. randome May 2012 #47

Money controls academic research tama May 2012 #49

America was able to print its way out of recession to a large extent... girl gone mad May 2012 #78

We also inflated our way out after World War II. Zalatix May 2012 #110

Wow. Nt abelenkpe May 2012 #29

hell yes dana_b May 2012 #33

informative cthulu2016 May 2012 #37

Good program tama May 2012 #41

Now that's a platform i can get behind! Odin2005 May 2012 #56

Only in a perfect world free of willing slaves. nt Comrade_McKenzie May 2012 #66

And Tsipras' party is expected to do well, as I projected it would, after he forced the other party Lionessa May 2012 #6

What happens after they reject EU conditions? cali May 2012 #9

They will be out of the euro and will have to cthulu2016 May 2012 #10

As I posted on another forum on the Greek situation Berlin Expat May 2012 #20

This isn't what Nomura stated. girl gone mad May 2012 #86

And according to this Berlin Expat May 2012 #21

interesting cthulu2016 May 2012 #34

Germans will come into Greece for their vacations and spend money like it was water. JDPriestly May 2012 #35

While Greece is indeed a most beautiful country, I Berlin Expat May 2012 #36

So if the Greek people endorse Syriza's platform........ socialist_n_TN May 2012 #53

Essentially, yes; I believe that Berlin Expat May 2012 #70

Not so quickly! tama May 2012 #43

That...is interesting. randome May 2012 #44

The EU and the banks have already written off 75% of Greece's debt hack89 May 2012 #63

Not ECB and IMF and member states tama May 2012 #68

The ECB cannot go bankrupt. girl gone mad May 2012 #83

Who knows for sure, but Iceland seems to recovering from bankruptcy better Lionessa May 2012 #13

That's true. People keep saying that they aren't analogous cali May 2012 #15

The differences, IIRC from a recent thread... randome May 2012 #22

Exactly; the case of Iceland Berlin Expat May 2012 #24

Who actually owns Greek debt? German, French and American banks (and coalition_unwilling May 2012 #84

There's also a question of scale metalbot May 2012 #25

And a sovereign currency cthulu2016 May 2012 #27

Why can't Greece default and stay in the euro? abelenkpe May 2012 #26

Theoretically, yes -- but the entire eurozone would take a bath KamaAina May 2012 #30

"Moral hazard" tralala May 2012 #31

Yes, but in the same way the repugs passing a huge new stimulus plan is possible cthulu2016 May 2012 #32

Not while staying in the rules of the European Union muriel_volestrangler May 2012 #38

What good would that do? They'd still be broke and no one would lend them any more money badtoworse May 2012 #39

They would not be in debt slavery tama May 2012 #48

Is Athenian democracy really the best example here? cthulu2016 May 2012 #51

Not the best tama May 2012 #52

What would they pay salaries and pensions with? Drachmas? badtoworse May 2012 #54

You can believe in Mammon all you need tama May 2012 #55

I agree people don't stop living,... badtoworse May 2012 #64

I'm thinking of non-things like tama May 2012 #71

A quote I saw in a WSJ cartoon many years ago... badtoworse May 2012 #72

LOL tralala May 2012 #73

But severe poverty brings misery, death, violence and hopelessness. hack89 May 2012 #80

misery, death, violence and hopelessness are the human condition BOG PERSON May 2012 #88

Sounds like what the IMF and Euro banks had planned for ........ socialist_n_TN May 2012 #102

You are right that there will be misery regardless of what they do hack89 May 2012 #112

If Greece collects taxes in drachma, then.. girl gone mad May 2012 #87

How much will gasoline cost in drachmas? badtoworse May 2012 #92

But they will be free! cthulu2016 May 2012 #93

In the short run their currency will depreciate severely. girl gone mad May 2012 #95

Maybe we'll plan a vacation in Greece if they're not fighting a civil war badtoworse May 2012 #98

GO, SYRIZA, GO!!! Odin2005 May 2012 #57

Latest poll from Attica: Syriza 32% tama May 2012 #59

They need 40%+ of the seats, plus the 50 extra seats, to get a simple majority muriel_volestrangler May 2012 #61

I was thinking tama May 2012 #67

50% of Greek police voting fascists tama May 2012 #60

The armed forces of a country are ALWAYS the potential...... socialist_n_TN May 2012 #65

You're right about the military being the counterbalance. Something to keep in mind. n/t Raksha May 2012 #96

Yeah. If I were agitating in Greece, I'd be headed .......... socialist_n_TN May 2012 #103

Greece will be fine. Reports of its pending death are closeupready May 2012 #69

Under almost any scenario, the Greek people would be better off than the Iranians are FarCenter May 2012 #74

I agree, they will be alright.. girl gone mad May 2012 #90

In response to your "Personal Plea".. girl gone mad May 2012 #99