Black Lives matter shuts down Bernie

[Benton]

(08-14-2015, 06:48 PM)jakefromstatefarm Wrote: 1)  Why have no other countries faced the same fiscal insanity that Greece has faced since joining the Euro? 

I'm not referring to trickle up or down at all.  I'm referring to anyone (be it a person, a family, a business, or a nation) spending more money than what they have coming in.  Yes, there are things that you can do to offset that for quite a while (we've been debt spending for a long time), but at some point they all lead to failure. 





That sort of fiscal irresponsibility isn't caused by the Euro.  It's caused by incompetent government.

And that's the problem with the euro. Germany and Greece weren't anywhere close in terms of economy, but since they're using the same currency, they have to be competitive. They can't.

What would happen if Mexico suddenly switched to the US dollar? They don't have any trickle up policies, they aren't known for their strong social programs. But moving to a more rigid and stronger foreign currency would leave them unable to keep up with growth.