About This Blog

Welcome to James' Philosophical Agora - James' Meeting Place On-Line. (Updated September 2017)

This blog is the place where I write in a more personal way on various areas of philosophical interest. Please be careful when I say 'philosophical' because this does not often mean about purely academic or abstract subjects and ideas; but rather like much of the philosophy of Socrates, it means an investigation of some fundamental things that have a very important baring on the way we live our lives as individuals and as communities.

I have a separate blog where I share my enthusiasm for the specific philosophical tradition and ideas of Socrates, Plato, Aristotle Plutarch and others at: Socrates 4 Today However, this blog James' Philosophical Agora expresses mostly personal viewpoints and so I prefer to have two separate blogs.

Please feel free to comment on any of the blog posts, or add some thoughts of your own to the subjects discussed. You can also contact me personally if you would like to discuss any particular items further at: jamesdelphi2000@gmail.com

Sunday, May 3, 2015

The Big Greek Export They Stoped Making

In hindsight, one has to ask why Greece stopped making one very special and successful export it had – and sold in vast quantities around the world just 11 years ago. Yes; I am talking about little bits of paper with the word “Drachmae” printed on them which many people from around the world for some reason all wanted and were happy to pay for in GB pounds, US dollars, Japanese yen and many other leading currencies. Whether an American wanted a beer in Crete, or an English man wanted a hotel room in Thessaloniki; they both needed to effectively have these little bits of paper with “Drachmae” on them to pay for the items.

When times were good – and lots of tourists wanted these bits of paper – the Greek Government could choose to print a few more of them – and this was very useful to exchange for foreign currency to pay for all sorts of things, and indeed to pay a few bills back home as well.

These days, the only way the Greek Government has to get a little more money is to ask Angela Merkel and the rest of her cronies if they can borrow some euros – which will need repaying and with interest.

Any independent nation state needs a language and culture, a land to call its own, and an independent currency that it has control over. Solving Greece’s economic problems over the medium and long term is not a question about shall we have the euros, shall we have the drachmae, can we borrow more money to add to the mountain of debt that we already cannot afford to repay. It’s about taking control of its own currency and money supply again. For this to happen – there is only one logical solution, and that is definitely not borrowing more euros – which is only a bad fix in the very short term.