In a recent post, I explained some of the reasons why Greece should not get another bailout. I cover some of the same points in this Bloomberg interview, but my favorite part is when I state that it’s time for the Greek people to realize “they can’t loot and mooch their way through life.”
I also pontificate about the appointment of another pro-welfare state French politician to head the IMF. Not surprisingly, I’m not sanguine about the prospects.