- 26 Nov 2019 04:09
#15050932
Another blog post by Dr. Bill Mitchell, a core MMTer.
Link
http://bilbo.economicoutlook.net/blog/?p=43739
In this post he shows what the IMF predicted at the time,
what happened since,
what would have happened if Greece left the EZ or EU {using the IMF's own assumptions which are very poor ones and very unlikely to have been true},
what would the current labor force be now had it not been reduced by workers leaving Greece to find work across the EU,
what the IMF guy says now {which contradicts what he wrote back then, so he lied then},
thereby proving that Greece could not be any worse off now if it had left the EU.
The IMF now *admits* that Greece will not get back to its GDP level of 2008 until 2031 or later. The IMF had predicted 'by 2017' it would.
So, I ask just why is it OK for the economists at the IMF to have told lies back then about Greece if it accepted the deal and if it rejected the deal and left the EU?
Why are such people not shunned by everyone?
Thousands have died because of his lies and several hundreds of thousands have had to flee Greece to find work to live because of his lies. This destroys communities and splits families.
Link
http://bilbo.economicoutlook.net/blog/?p=43739
In this post he shows what the IMF predicted at the time,
what happened since,
what would have happened if Greece left the EZ or EU {using the IMF's own assumptions which are very poor ones and very unlikely to have been true},
what would the current labor force be now had it not been reduced by workers leaving Greece to find work across the EU,
what the IMF guy says now {which contradicts what he wrote back then, so he lied then},
thereby proving that Greece could not be any worse off now if it had left the EU.
The IMF now *admits* that Greece will not get back to its GDP level of 2008 until 2031 or later. The IMF had predicted 'by 2017' it would.
So, I ask just why is it OK for the economists at the IMF to have told lies back then about Greece if it accepted the deal and if it rejected the deal and left the EU?
Why are such people not shunned by everyone?
Thousands have died because of his lies and several hundreds of thousands have had to flee Greece to find work to live because of his lies. This destroys communities and splits families.