And Stiglitz and Krugman would have us believe that anyone with the wherewithal (Merkel, the IMF, the EU, the ECB, the Fed) to inject billions upon billions into Greece; who would even suggest that such aid must be met with substantial reform (austerity) is a blundering idiot. Growth at any cost would be their mantra. You don't reform during the worst recession since the Great Depression, you reform after you borrow and spend your way back to prosperity.
Seriously: These geniuses would have us believe that if "we" bailout say Greece (and all the others) and promote economic growth in the process, we can revisit reform once the economy recovers. No kidding; that's what these good professors profess: That the likes of Greece; who, upon acceptance into the Euro, not only didn't take the opportunity to change their profligate ways, stepped it up big time, will take its medicine once it's back on its feet. Now if that's not