Commentaries (some of them cheeky or provocative) on economic topics by Ralph Musgrave. This site is dedicated to Abba Lerner. I disagree with several claims made by Lerner, and made by his intellectual descendants, that is advocates of Modern Monetary Theory (MMT). But I regard MMT on balance as being a breath of fresh air for economics.
Saturday, 13 April 2013
Beastly rich Germans versus poor exploited Cypriots.
Er . . . . it’s the other way round. Cypriots are about the
richest people in the EZ, while Germans are the poorest.