A Reply to John Quiggin’s Zombie Economics

By Con George-Kotzabasis

Are you proposing an unbalanced budget as a way out of zombie economics and long term prosperity? To live beyond one’s means is to live in FALSE prosperity that will not last long, as the present situation in Europe shows starkly. Moreover, a false prosperity encourages and incites a stampede of speculative bubbles that with algorithmic precision blow up in a bust. You are confusing austerity as a ‘drug’ and austerity as a ‘poison’. As a drug it cures your insanity to live beyond your means; as a poison it exacerbates the illness of recession by depriving you of the stimulants of a Central Bank that could weaken the virus of recession and cure it gradually, if one uses the funds wisely to reinvigorate the REAL economy and boost entrepreneurial creativity and innovation, as the leader of the Opposition in Greece, Antonis Samaras, last May, proposed in his Zappeio Address.

Hence, your “zombie” austerity turns into a boomerang and hits you with all the force of Newtonian gravity in your confused austerity.

3 thoughts on “A Reply to John Quiggin’s Zombie Economics

  1. I think this is among the most significant information for me. And i am glad reading your article. But should remark on few general things, The site style is ideal, the articles are really great : D. Good job, cheers

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  2. Zenaida says:

    I wanted to thank you for this great read!! My partner and i definitely enjoying every little bit of it.

  3. Hi There Kotzabasis,
    This question may be a little off-topic, Little John in the camp when he was a kid

    One night Little John was really scared sleeping by himself at camp, so he sprints out of his tent and runs to his teachers tent and asks “Miss can I please sleep with you tonight ?”.

    His teacher replies “NO”

    John moans and says “But my mummy lets me”.

    “OK then, just for tonight” the teacher replies.

    John jumps into bed with her and asks “Miss can I please play with your belly button with my finger”.

    She again says “NO”.

    “But my mummy lets me” says John again.

    “Well I suppose it’s OK” replies the teacher.

    Things are silent for a few minutes until the teacher leaps up screaming “THAT’S NOT MY BELLY BUTTON”

    Little John replies “It aint my finger either

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