Daily Archives: August 23, 2015

On the IT Problem of Grexit: A Reply

I’d like to start by thanking Louis Proyect for commenting on at least part of my new e-book Austerity, Greece’s Debt Crisis and the Theft of Democracy namely the chapter entitled “The Information Technology Problem.” His opening paragraph begins by including an aside calling Professor William Mitchell’s ideas about these problems “unrealistic.”

Professor Mitchell’s ideas on the amount of work involved in Grexit, may or may not be unrealistic, but I think it was unnecessary to say that at the beginning of the post, without also stating why Louis Proyect thinks so, or at least providing a link to one or more of his earlier posts at Naked Capitalism where he explains his reasons for thinking that. Continue reading