Paul Krugman: most likely scenario is for Greece to “leave the Euro” | WHAT REALLY HAPPENED


Paul Krugman: most likely scenario is for Greece to “leave the Euro”

To put it another way, Greece will become essentially a Third World country. How did this happen? It happened because central banks around the world engaged in Keynesian “expansion” by creating Dollars, Euros, you name it. Keynesians believe that such action can go on forever without creating any consequences. As you can see, that simply is not true.

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