As I have previously posted it is by no means obvious what the Greeks were really being asked to vote about in yesterday’s referendum. But whilst the meaning of the question is shrouded in mystery, the answer was a clear “no”.
The BBC says:
Greece’s Prime Minister Alexis Tsipras has said that the Greeks made a “brave choice” in voting to reject the terms of an international bailout.
Sir Humphrey Appleby used to use the word “brave” as a synonym for “stupid”, and this may well be the position that is now facing Greece. Prime Minister Alexis Tsipras and Finance Minister Yanis Varoufakis are evidently banking on Continue reading
So wrote Richard Feynman, who was one of the real heroes of the 20th century. He was absolutely right.
A reminder of this quote appears in Matt Ridley’s excellent article, The Climate Wars’ Damage to Science, which should be essential reading for anyone who still believes in the groupthink of catastrophic climate change.
Happily, the attention of the world has moved on recently from imagined problems with the climate to real problems with the economy, and in particular Greece. Greece is a particularly interesting pointer as to what happens when the serious socialists get into the driving seat, and spend, spend, spend money that their countries simply do not have. I do not think that either Greek Prime Minister Alexis Tsipras or Finance Minister Yanis Varoufakis are stupid. Misguided, perhaps, but not stupid. So it is an interesting question why they are putting up such an apparently stupid referendum question this coming weekend. It is thus Continue reading
You might think that this would be rather an easy week the Labor Party in Australia. The Liberal Party has left Tony Abbott in charge, as prime minister, but he obviously is not particularly popular with the public, and although he survived a spill motion, as they call it, it was hardly a resounding victory.
So all the Labor party really needed to do was to sit tight.
But Tony has a friend on Labor’s front bench, and her name is Tanya Plibersek. This has been a week when the news has been full of Greece’s economic woes. It is a really, really bad week for the Labor Party to be drawing attention to its apparent inability Continue reading