Dave Barry 2011 Year Review

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Dave Barry 2011 year review is out and it has a bunch of financial wisdom.  One excerpt:

“In Europe, the economic crisis continues to worsen, especially in Greece, which has been operating under a financial model in which the government spends approximately $150 billion a year while taking in revenues totaling $336.50 from the lone Greek taxpayer, an Athens businessman who plans to retire in April. Greece has been making up the shortfall by charging everything to a MasterCard account that the Greek government applied for — in what some critics consider a questionable financial practice — using the name ‘Germany.’ “

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About Tony Lima

Retired after teaching economics at California State Univ., East Bay (Hayward, CA). Ph.D., economics, Stanford. Also taught MBA finance at the California University of Management and Technology. Occasionally take on a consulting project if it's interesting. Other interests include wine and technology.

One Reply to “Dave Barry 2011 Year Review”

  1. Daniel

    The worst part is,that the greek government faces a deficit (2010) of about 30 Bil.€,while loosing nearly the same amount due to tax dodging!Again, we have a country in Europe,which looses nearly 13%! of its GDP through a “bad” attitude to taxation. Oh but you might think the greek economy is very small, so it shouldn´t be a big deal..Lets take a look on some other numbers: Italy looses about 16,6% of its GDP each year due to the same problem,oh and its GDP is about 2 tril. €