"How can I know what I think until I read what I write?" – Henry James


There are a few lone voices willing to utter heresy. I am an avid follower of Ilusion Monetaria, a blog by ex-Bank of Spain economist (and monetarist) Miguel Navascues here.
Dr Navascues calls a spade a spade. He exhorts Spain to break free of EMU oppression immediately. (Ambrose Evans-Pritchard)

sábado, 17 de septiembre de 2011

Burócratas

Krugman dice en "math-is-hard-euro-edition":
It’s astonishing how many European officials and unofficial wise men insist, with a great air of wisdom, that the euro crisis was caused by failure to enforce the stability pact — that is, limits on deficits and debt.
How hard is it to look at the data and discover that Ireland and Spain appeared to be fiscal paragons on the eve of the crisis, with budget surpluses and low debt?
Yet another triumph of the Very Serious narrative over easily checked facts.
Pues que lea el último Boletin_Mensual_ del Banco de España, si quiere tener un globo de alucine.

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