On Greece and Weimar: Self-Serving Statements Can Still Be True
By Garett Jones
Prime Minister Antonis Samaras compared Greeks’ struggle with economic hardship and political turmoil with the conditions that led to the collapse of the Weimar Republic in post-World War I Germany and ushered in the Nazi era.
Remember what Keynes thought about the Economic Consequences of the Peace, and recall that the main alternative to Keynes’s squishiness was getting tough on Germany. Plenty of opportunities for mood affiliation!