“So I don’t think this is really about Greece, or indeed about any realistic appreciation of the tradeoffs between deficits and jobs. It is, instead, the victory of an orthodoxy that has little to do with rational analysis, whose main tenet is that imposing suffering on other people is how you show leadership in tough times.”
He won’t even acknowledge that there are some sound arguments (whether he agrees with them or not) as to why debt levels should stay within sustainable limits. Instead, he dismisses that approach as just some sort of power trip. He is truly delusional.
