My proposed solution to the European sovereign crisis
It is as simple as this. What needs to happen is the sending of a letter:
"Dear Germany,
We promise to let go of the Second World War, if you promise to move on from the Weimar hyperinflation. Deal? Thanks.
Love,
Europe".
It really is as simple as that; read the Paul Krugman blog and see that I'm right about a) the essentially monetary nature of the problem and b) the essentially historical-psychological nature of its cause. All of Europe's monetary problems can actually be solved by simply growing up and recognising that sixty years on, we no longer really have the nineteen thirties to blame for our problems.
One day we will also no longer have the 1960s to blame, but I'll be long in the groun before then.
And when 911?
ReplyDeletePS Weimar survived the hyperinflation. It didnt survive the Depression.
ReplyDeletePPS Love you. really.
Sometimes I think the current global financial crisis has all been some kind of massive plot to make Australia look good.
ReplyDeleteAnd I too would like to say that I love Daniel Davies. As much as one man can love another. Which is a hell of a lot.
To put it another way: Hyperinflation gave Germany Gustav Stresemann. Depression gave it Hitler.
ReplyDeleteMeanwhile the 2020 Public Services Trust (a marriage between the Labour right and the Tory left, best I can work out) claim that we have to do "less with "less" because if growth remains at 1.75% then public spending will eat up 2/3 of GDP within 20 years...
ReplyDeleteSo that's what happened.
ReplyDelete"If we let you humiliate us in South Africa will you help save Europe?"
"Hmnn... Ja!!"
Not worth it.