Thursday, May 6, 2010
But, you have a Gun: Analysis on the Crises in Greece
The current financial crises in Greece sent the stock market plunging today. Financial analysts and foreign experts are continuing to debate the options to help the country achieve fiscal solvency and some form of stability. Although DBSF has minimal macroeconomic training, evidence from today's newspapers suggests one obvious problem.
Notice the picture above. Is there anything wrong with it? (Besides the rioting.) Yes, that's right. The police officer with the gun is full on sprinting from two bros with sticks. Grant it, taking a stickball stick to the sternum is probably quite painful, but that doesn't hide the fact that A) you're a police officer, and B) you have a gun.
He doesn't even have to fire the gun at the stick-wielding rioters. Simply pointing it at the target, or much less just waiving it in the air gets bammas on the floor. Did this guy sleep through the gun session in rookie training or something? DBSF recognizes that this is only one picture and, thus, it would be imprudent to make generalizations about an entire country. But, if Greece came asking DBSF for however many tens of billions of Euros to bail them out, DBSF would have to pull out some Milton Friedman free-market rhetoric, or claim to have all of his money "tied up in some things".