.comment-link {margin-left:.6em;}

Milton J. Madison - An American Refugee Now Living in China, Where Liberty is Ascending

Federalism, Free Markets and the Liberty To Let One's Mind Wander. I Am Very Worried About the Fate of Liberty in the USA, Where Government is Taking people's Lives ____________________________________________________________________________________________ "Extremism in defense of liberty is no vice. Tolerance in the face of tyranny is no virtue." -Barry Goldwater-

Tuesday, May 15, 2012

If Greece Exits, Here Is What Happens | ZeroHedge

If Greece exits the Euro this is what happens. Does not seem like an option to me. Seems as if Europe will have to face the music together. Europe's problems today are direct result of regulations that misallocated capital to governments and away from the private sector. This is the problem with regulation such as that which we find in Basel II. It allowed governments to issue massive amounts of debt that ends up in the banking system. So governments and banks never had to face up to market realities till now. But the market realities always catch up to central planning as it will with the United States.

If Greece Exits, Here Is What Happens | ZeroHedge


Post a Comment

Links to this post:

Create a Link

<< Home