Tag Archives: grexit

Useful illusions

money, debt and debt restructuring

The homo economicus cannot be cheated. The fictive person that economic science gave birth to is averse to illusions. Instead, for each decision to make the homo economicus weighs all alternative options and selects without exception that option that is considered the best. Which of course does not mean it is also the best choice

Europe and the euro

There was a time that ‘Europe’ occupied a little spot in the middle of the newspapers. How this has changed in the last few decades! Now, ‘Europe’ is almost everywhere. Whether it is monetary policies, public debt policies or trade policies, Europe is involved. Even economic growth is nowadays considered to be a European rather