Paleo Retiree writes:

A fun snapshot of how things really go down in Greece. Link tks to the wonderful HBD Chick.

Did I ever mention one of my biggest misgivings about how econ is usually done? If it were up to me, econ would be the study of the money-and-trading dimension of how people actually live, and have lived. You’d study (without worrying too much about making moral or political, let alone “efficiency,” judgments) how the Greeks get by, for instance. You’d find it interesting. You’d add what you’ve learned to your general knowledge bank, which over time would grow a little more extensive. At that point, you might have some modest general wisdom to share. Or maybe not. Instead econ turns out to be abstract theory and math stunts, and bullying advice about what people and governments SHOULD do …

My instinctive response to what econ really turns out to be is: “WTF?”

Bonus Link:

• I did some more bitching about econ here.