Tuesday, July 7, 2015

Common-sense economic theory

With the Greece crisis getting everyone upset, economists are telling us how bad some fiscally responsible governments that tried to help Greece are victimizing a country down on its luck.

I'm not that sophisticated, but have always run our budget household quite conservatively, using austerity at times, investing at others and making a few mistakes along the way, but still we've made it okay over a 40 year period...

Our thinking was generally sound, our behavior stayed consistent and our (stingy) economic culture proved to be right on target. I just wish the Greek would dump theirs in exchange for ours...

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