A Simple Solution, Favored the World Over

The big news in the upcoming Italian election is the rise of former comedian Beppe Grillo, whose party may finish as high as second in the voting. There is a lot about Grillo at The Corner. He sounds like a pretty typical bad-government populist; normally you would think it would be a disaster if he took power, but this is Italy, so things may or may not get worse.

What jumped out at me was this Grillo quote:

In order to remain in the euro, we are starving the country…If we had the lira, we could solve our debt problem through a devaluation of our currency.

That’s what members of the political class all over the world are thinking, but most of them don’t say it so bluntly.

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