Economics 101 FTW
Originally Posted by JohnnyFarangly
Yes that reply was quite substantial
Bogus Economics 101..............same economic thinking that created "too big to fail" so American taxpayers would foot the bill for GM, AIG, and a whole host of other largess to corporate America.
Originally Posted by Whirlaway
I would think common sense would overpower economics in this case, we already know that throwing money to solve a countries financial problems won't help if the country is not willing to learn from their mistakes.
Sure a bailout might help Greece for a few months or a year or two but what happens when that money is all spent and they don't see it being reciprocated through the payment of taxes ( which I hear is a big reason why they are in so much debt in the first place). Bailouts seem to only reward bad behavior.