Originally posted by Sava
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During the Great Depression the UK solved it's tight money problem by exiting the gold standard and within two years they were back to pre recession levels. No glorious revolution was needed.
Originally posted by C0ckney
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1) without the massive unemployment Syriza/Nazis never win an election. If you have to narrow the rise of these parties to a single proximate cause it would be the huge unemployment.
2) the massive unemployment is caused by collapsed demand (contractionary monetary policy) Which is an easily fixable problem if you actually identify it.
3) the causes of thight money policy were simmilar for Greece now and Germany back then.
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