{"id":4541,"date":"2012-09-29T13:21:43","date_gmt":"2012-09-29T11:21:43","guid":{"rendered":"http:\/\/www.poleconomix.gr\/portal\/?p=4541"},"modified":"2012-10-06T16:17:52","modified_gmt":"2012-10-06T14:17:52","slug":"notes-on-internal-devaluation","status":"publish","type":"post","link":"https:\/\/www.poleconomix.gr\/portal\/notes-on-internal-devaluation\/","title":{"rendered":"Notes On Internal Devaluation"},"content":{"rendered":"<p>Still in jet-lag city. Talking to people, and also reading what comes across the threshold, it occurs to me that there\u2019s widespread misunderstanding of what a more or less Keynesian view of Europe\u2019s problems actually implies. People seem to think that it means that (a) internal devaluation can never work (b) any sign of recovery, even a partial rebound, proves Keynes\/Krugman wrong (this is a critical part of Baltic boosterism, where the partial recovery of Latvia and Estonia is supposed to be some kind of incredible triumph).<\/p>\n<p><strong>\u03a0\u03b7\u03b3\u03ae: <\/strong>The New York Times<\/p>\n<p><a href=\"http:\/\/krugman.blogs.nytimes.com\/2012\/09\/27\/notes-on-internal-devaluation-wonkish\/\" target=\"_blank\">\u03c0\u03bb\u03ae\u03c1\u03b5\u03c2 \u03ba\u03b5\u03af\u03bc\u03b5\u03bd\u03bf<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Still in jet-lag city. Talking to people, and also reading what comes across the threshold, it occurs to me that there\u2019s widespread misunderstanding of what a more or less Keynesian view of Europe\u2019s problems actually implies. People seem to think that it means that (a) internal devaluation can never work (b) any sign of recovery, [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18,39],"tags":[28,25],"class_list":["post-4541","post","type-post","status-publish","format-standard","hentry","category-18","category-39","tag-28","tag-25"],"_links":{"self":[{"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/posts\/4541","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/comments?post=4541"}],"version-history":[{"count":2,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/posts\/4541\/revisions"}],"predecessor-version":[{"id":4559,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/posts\/4541\/revisions\/4559"}],"wp:attachment":[{"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/media?parent=4541"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/categories?post=4541"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/tags?post=4541"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}