Monetary Economics

The NYT’s forgets history…

Here is the title of a ridiculous little piece in a former newspaper, the New York Times: Germans Forget Postwar History Lesson on Debt Relief in Greece Crisis The author argues that Germany, “benefited not so long ago from more lenient terms than it is now prepared to offer” Greece.  In 1953, Germany’s creditors cut its outstanding debt in half. What… Read more →