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Jemmons

(711 posts)

10. "...you need to pony up the cash. Dont kid yourself otherwise."

Reply to Mika (Original post)

Mon Jul 4, 2016, 02:06 PM

Jul 2016

Blyth on the Germans and Greece:

"So the germans have this thing about "we dont want this to become a transfer union"

What do you think you are in? At the end of the day you are transferring labour, skills, responsibilities, it goes with the gig. And you did an undervalued exchange rate by having your super efficient economy buried in all these less efficient economies so that you can sell more BMW's to the Chinese. The quid-pro-quo for that sometimes is that when Greeks get into trouble you need to pony up the cash. Dont kid yourself otherwise."

Blyth is quickly becoming my favorite economist.

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14 replies

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Highlight:

How about something different on 'Brexit"? ... Prof. Mark Blyth on the Brexit vote [View all] Mika Jul 2016 OP

"The Hamptons is not a defensible position" Jemmons Jul 2016 #1

Yep liberalmike27 Jul 2016 #7

Meanwhile near a Long Island beach..... Jemmons Jul 2016 #14

Here's an extended interview that Prof. Blyth did with Sam Seder last week. Chakab Jul 2016 #2

Thanks for posting this. Good interview! Mika Jul 2016 #6

So he's saying Brexit was good. brush Jul 2016 #3

He's saying it is a reaction to the corporate overlord's activities and future plans. Mika Jul 2016 #5

No, he's laying out the reasons for the vote. If you watch the Seder interview that I've posted, he Chakab Jul 2016 #11

I only watched the OP video. The UK kept their own currency though, right? brush Jul 2016 #12

Yes, but the Euro disucssion is included as part of his general assessment of the context of Chakab Jul 2016 #13

Brexit, pretty misrepresented in our media liberalmike27 Jul 2016 #4

This is the full "interview" that the OP video is cut from.... Jemmons Jul 2016 #8

Thanks for posting it. Mika Jul 2016 #9

"...you need to pony up the cash. Dont kid yourself otherwise." Jemmons Jul 2016 #10