Quotulatiousness

March 5, 2012

Tim Worstall: “Neoliberal” has a meaning

Filed under: Economics, Europe, Greece — Tags: , , — Nicholas @ 09:55

He’s ticked off at an article at the Guardian, blaming “neoliberals” for the Greek crisis:

In what paranoid fantasy is what is happening in Greece neoliberal?

The actual neoliberal position (recently affirmed at our meeting in the underground secret headquarters under the volcano that sank Atlantis) is that the euro itself was and is a bad idea as it’s not an optimal currency area. And if there is to be a euro then Greece should not be a part of it. Since it is, and it’s bust, then it should default and devalue.

In short, the neoliberal solution is the Icelandic one, not the Irish, Greek or Portuguese.

So how come we neoliberals (as you know, the modern incarnation of the Green Lizards, Rosicrucians and Illuminati all rolled into one) are getting blamed for the entire fuck up that is happening precisely because no one will follow the prescriptions of neoliberal economics?

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