ACC Archives

Tag: Greece
Some personal thoughts on socialism

Socialism and crony capitalism go hand in hand. The bigger the government the more crony the government. The more powerful a government the more likely it will be that corporations, unions, special interest groups, and individuals will want to buy...

Germany gained 100 bn euros from Greece crisis: study

German bonds have seen massive inflows during the Greek crisis. Every time Greece got hot more money flowed into Deutschland in a “flight to safety.” This lowered rates. Germany then had cheaper money to play with. Read more…

All Hail Our Banking Overlords!

Kodos and Kang actually run a currency hedge fund now. As I watch the calamity in Greece and the chaos in China I am struck by how much things have changed in 10 years. “Wealth” looks very different to many...

Ron Paul: Greece Today, America Tomorrow?

By Ron Paul The drama over Greece’s financial crisis continues to dominate the headlines. As this column is being written, a deal may have been reached providing Greece with yet another bailout if the Greek government adopts new “austerity” measures....

How is the USA like Greece? Both are crony states

Government is inherently crony. That is its nature. It has an inherent tendency toward corruption. Crony entropy. Like water flowing downhill. In Greece we see a relatively poor crony state languishing on the rocks while the Germans pick at its...

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