THE GREEK DEBT CRISIS FOR ECONOMIC MORANS
My latest at PJ Media is up and it purports to make the Greek debt crisis easy to understand if you’re a dummy.
Since my name has become internet shorthand for stupid, who better to tackle such an assignment?
If you work in the financial services industry, or teach economics, or even if your familiarity with the “dismal science” is limited to a course you took in college 35 years ago, this article is not for you. I suggest you click on by and read Roger Simon. Just be sure to let him know I sent you.
When PJM’s managing editor called and asked me to do a piece on the Greek debt crisis that even dummies could understand, I was mystified.
“Why me?” I asked. “I don’t know the first thing about the Greek debt crisis.”
“You’re perfect for this assignment,” he said. “It’s precisely because you don’t know anything about the Greek debt crisis that I want you to do it. Besides, you’re something of a dummy yourself. People will relate to you.”
He had me there. So that’s the story of how I, a true Moran when it comes to matters pertaining to numbers and such, got roped into doing a story about how Europe is on the brink of a string of sovereign defaults whose impact on the world’s economy might be catastrophic. Or it might not. Or it might be a little catastrophic but not as bad as some people think. Or it might not be catastrophic at all and some analysts are scaremongering.