Wednesday, May 4, 2016

How bad is the Greek crisis in one graph

Real GDP starting in 1929 for the US and 2007 for Greece. Back then, with the New Deal, the US economy had essentially recovered after less than a decade. But there is no solution in sight for Greece now. This summer with more payments due, and the Brexit discussion on top, should bring new developments.

No comments:

Post a Comment

Nancy MacLean on constitutional economics and the conservative movement

Author of a great book on James Buchanan, that is certainly worth reading. The whole thing is related to Buchanan's constitutional ec...