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View Diary: The U.S. has learned nothing from Europe's deadly obsession with austerity (105 comments)

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  •  Wrong (3+ / 0-)

    Euro-zone countries like Greece do not have control of their currency; that's the fundamental difference between them and the U.S., and why we will nver "end up like Greece."  The U.S. government cannot run out of money -- Greece can.

    For this reason, Greece couldn't refuse a bailout and stimulate its own economy.  At least not without going bankrupt.

    "[W]e shall see the reign of witches pass over . . . and the people, recovering their true spirit, restore their government to its true principles." Jefferson

    by RenMin on Mon Apr 08, 2013 at 07:36:12 AM PDT

    [ Parent ]

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