The thing about the Greek debt crisis was that imposing austerity (as Germany insisted on) was exactly the wrong way to address it. Creating a Greek equivalent to the IRS, reforming the tax code, and actually enforcing tax collection would probably have worked better.
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Replying to @RadicalGoats @YiannisBab
Not just wrong but based on results that do not replicate! http://www.slate.com/blogs/moneybox/2013/04/16/reinhart_rogoff_coding_error_austerity_policies_founded_on_bad_coding.html?via=gdpr-consent …
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Replying to @o_guest @YiannisBab
Well, austerity makes more money for people who are already rich while better tax collection and fiscal stimulus don’t, so...
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Replying to @RadicalGoats @YiannisBab
I think we agree?
11:22 AM - 22 Sep 2018
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