Wednesday, May 9, 2012

A Quick Reminder to Krugman - Reality Sucks!

In an earlier post yesterday I talked about Paul Krugman's cheerleading the sharp left turn France and Greece took in their recent elections. In that post I had an Exit Question: How long will the average German keep working to support the rest of the continent before they get fed up and tell them all to Geh zur Hölle?

Well it seems not very long. This from the Paper of Record:

"Germans are now predominantly of the opinion that they would be better off if Greece left the euro zone," said Carsten Hefeker, a professor of economics and an expert on the euro at the University of Siegen. "If the country really is continuing on the path they are taking now, it would be hard to justify keeping them in. How do you deal with a country that says we don't want to keep any of the commitments we have made?"

Wonder what Kamikaze Krugman's answer to this is? Without the German's paying the bills how can he justify more spending?

Margret Thatcher once said - "The problem with socialism is that you eventually run out of other people's money. "

Folks at some point you have to pay the piper and I think the Germans have just decided not to fund Greece's social utopia any longer.


  1. wonder if they are going to cut France loose too, now that they have taken a left turn.

    1. Shovel man - all I can say is pass the popcorn, this is going to be interesting. How much of a tempy-tantrum are the Grecians going to throw when the Germans abandon them?


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