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Seems like there is several types of austerity going on here, the low taxes and low public spending in America, the privatization in the U.K., and the restructuring of Greece's debt.
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Jul 17, 2015 16:55
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Man if you're going to bitch about austerity then you're really barking up the wrong tree trying to defend greece. The anti austerity arguments really work better on countries than can devalue their own currency.
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Jul 20, 2015 05:58
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Are we just going to ignore the fact that Greece has deep structural issues on that make it spend more money than it takes in?
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Jul 20, 2015 06:09
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See the reality is its better to renege on your payments and declare bankrupty because even with ruined credit you still have the meager hard cash of $5 in your pocket and this is a good way to run a country's finances.
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Jul 29, 2015 19:21
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Neurolimal posted:when the alternative is selling your home to pay ultimately pointless debt that could be haircut tomorrow if people had the guts to admit austrian economics make no sense, giving them your money on-hand to pay a fraction of the debt, then still being on the hook for said debt while now having no way to pay them back... I wonder what Greece would have had to do to rack up so much debt where this even becomes an issue.
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Jul 29, 2015 19:31
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