Draco, the seventh-century BC Athenian legislator from whom we get the word “draconian” replaced the system of blood feud and oral law with a harsh, but transparent, written legal code. One of the provisions of Draco’s code was that any debtor whose status was lower than that of his...
Global Emerging Markets (GEMs)
Filed under: Filed under: Germany, unemployment, GEMs, Greece, euro, Greek, Charles Krakoff, Eurozone, keynes, reparations, International Monetary Fund, European Central Bank, debt crisis, The Economic Consequences of the Peace, European Commission, draconian, troika, Elena Panaritis, Draco
Long-time readers will be familiar with Michael Lewitt, one of my favorite thinkers and analysts. He has gone off on his own to write his letter, and I am encouraging him to write even more. I call Michael a thinker because he really does. He reads a lot of thought-provoking tomes and then thinks about...
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