I would add one point to his analysis: The rioters in Greece are public sector workers — those who over generations have been taught to rely on government. The free market participants (businesses) will suffer the austerity package’s tax increases, but not its restrictions on government salaries.

This entry was posted on Wednesday, May 5th, 2010 at 11:02 pm and is filed under Dollar's Demise / Hyper-Inflation, Money/Economy/Taxes.