Friday, August 17, 2012

Only 23% of Greeks want a return to the Drachma

Ask Greek Citizens About Soft (Drachma) Money, And If They Like It

Throughout the past hundred and fifty years or so, especially in U.S. politics, a manipulated currency (“soft money”) was favored by left-leaning interests, in practice the Democratic Party. A gold-standard system (“sound money” or “stable money” or “hard money”) was favored by right-leaning interests and the Republican Party...