Author: Patrick

Author

House of Debts

Greek Crisis and EU Policies The prevailing monetary system shows it’s ugly side in Greece. People can only withdraw small amounts of their own money. A bloated state apparatus does not pay the invoices from suppliers and craftsmen. Pensions and social benefits will be reduced. Yet for the last eight years the Greece economy has done nothing but collapse. The trend of the European politicians of literal, uninspired „reform measures“ of raising taxes worsened the situation of the people of Greece even more. A Greek exit from the euro and a reintroduce of the drachma might not address the cause of the problems. Hayek’s competing currencies and Bitcoin  The…

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