[norea-armozel]

The ECB bought the debt from the private banks, right? So, I think the burden is still to be carried by someone. So, I don't think the ECB should've never bought back the Greek debt at all. The banks need to learn that there's no such thing as a free lunch when it comes to loans. But it seems all governments are hell bent on making the lives of banks far too easy (where the rest of us if we should fail are told to get bent).

[x0x0]

ain't that the lesson of the last 7 years?

private gains, socialized losses, and fuck the taxpayers

[norea-armozel]

No doubt. And at this point I'm beginning to lean towards the idea of abolishing money altogether (and I'm the market anarchist here).

[igravious]

Don't throw the idea of money under the bus. Money in itself is not the root of the problem. Money is a tool, an instrument -- let's keep that perspective clear in our minds. We can innovate in the money space (crypto-currencies, blockchains, and all that) if we want better solutions.

Somebody posted a G.K.Chesterton quote on this site a mere 6 hours ago that is apropos: https://news.ycombinator.com/item?id=9845506 [But donkeys, I fear, will never be abolished.]

Look to how money is misused abused and try to figure out how we can remedy those situations. Much better :)