Wednesday, May 12, 2010

Greek crisis commentary.

At Forbes, David Malpass discusses the Greek debt crisis.

Last week, Nathan Lewis had an analysis on his site.

Last month on the Kudlow Report, supply-side guru/euro father Robert Mundell explained the situation (“I don’t see how the economic crisis in Greece would affect the euro. This is a fiscal problem, not a problem of the euro. If California has a fiscal problem, this is a problem of California, not a problem of the dollar.")

For a deeper explanation of why fixed exchange rates are central to supply-side economics, here's Jude Wanniski's 1975 classic, "The Mundell-Laffer Hypothesis" from Irving Kristol's National Interest.

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