... we tend to only do as much as we need to do. If governments are so hopelessly inept and short-sighted as to generously pay people for not working, many people will not work.And of course Greece is not the only place where that point is becoming increasingly relevant, eh?
Sunday, 3 July 2011
Quote of the Day
Is from Michael Pascoe, who is described as "one of Australia's most respected finance commentators", although back in January I called him names for saying the Queensland floods provided an economic stimulus and thus giving a good example of the broken window fallacy at work. And while I'm not sure about some of what he says about events in Greece here I can't argue with this:
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NB - due to some annoying pricks comment spamming lately all comments with three or more any links go into a moderation queue. If it's not spam I will publish all comments even tenuously related to whatever I was rambling about in the post. Otherwise please refer to the comments policy.
Comments by IntenseDebate
Quote of the Day
2011-07-03T13:18:00+10:00
Angry Exile
Economy|Hmmm|Responsibility|