Benjamin Studebaker

Yet Another Attempt to Make the World a Better Place by Writing Things

Tag: Default

Greece Should Dump the Euro

The Greek government has decided to hold a referendum on whether or not to agree to the austerity and neoliberal reforms demanded by the troika (the IMF, the ECB, and the EU). The Prime Minister, Alexis Tsipras, has implied that if Greeks vote for austerity, he might resign. I’ve written about the negotiations between Greece and the troika in the past. Since then, events have unfolded and it’s now time for Greece to make good on its threat and dump the Euro. Here’s why.

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The 3 Ways Governments Raise Money Part II: Borrowing

Today I’m continuing my three-part series on how governments finance themselves. The aim is to clear up the popular misconception that the state’s budget is similar to that of a corporation or a household, that government borrowing is always necessarily a bad thing. Previously we talked about taxation–today is all about borrowing.

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