Tuesday, March 23, 2010

game theory in action

what a lovely game of brinkmanship!
But Germans do have a strong hand if they can jettison the crappy idea of European Union. While Germans were in it to get a large market, all others are it to enjoy the saving earned by Germans. Simply an international example of free-rider problem.

But theoritically there is NO difference between Greece expecting (and others cajoling Germany) to bail out the socialist kleptocracy of greece and USA, a Wall Stret run klepltocracy to expect and demand (and eventually insinuate towards military muscle) economic bailout from China and others stupid enough to hold USDs.



Merkel: help Greece only at brink of bankruptcy

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