About This Blog

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

James' Philosophical Agora’ is an on-line archive for various pieces of personal writing on mostly fairly serious subjects; yet hopefully with a few amusing or curious items and anecdotes along the way as well. Many pieces were primarily written to share with individual friends, but are made available here for any others who might find the points discussed interesting or helpful, or who are 'treading the same path' and may wish to comment or add to them.

I have a separate blog where I share my enthusiasm for the specific philosophical tradition of Socrates, Plato and Aristotle at: Socrates 4 Today

As well as leaving comments on any of the blog posts, you can also contact me personally if you would like to discuss any particular items further: 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.

James