I feel like a total idiot

I am here at my laptop reading the usual daily dose of posts on science, technology, medicine genetics, food science, etc. that make me the eternal optimist that I am. Earlier I finished my daily reading of geopolitics, global economics, Grexit, Iran, ISIS, Middle East, oil shortages, famines, US Presidential Elections, etc. that sorely test my belief in optimistic outcomes.

Along the way, with whatever I read, I code posts for subject, interest, and whatever keywords may help me find the post at some later date. I've done it for years. Unable to remember correctly all details I encounter, I resort to coding all I read for retrieval to recall and quote correctly. Some friends think I have a great memory - I wish. I just have a retrieval system designed to support my curiosity of virtually anything that the internet provides. That's a lot. But, I just found a simple system that helps my mediocre memory look smart to those that do not look behind the curtain.

A Simple View of Greece and Grexit

This was originally written for my grandchildren to explain the messy world we live in, It's a terribly simplified view, but why not see what the world thinks.

Who pays for Greece's past follies? To greater or lesser degrees we all will. The farther we are from Greece the smaller the impact. Just as waves that hit us coming from a pebble dropped in a pond. In the US, we are far from the pebble, in Europe the waves will be bigger. To the citizens of Greece they will be monstrous, crushing and their personal pain will be long lasting. But INFLATION is the ultimate solver of tragic imbalances between countries and the world and it will handle this one too. How?

We live in a global financial world that could be finite, but is not. It could be finite if all governments stopped printing currencies. Inflation would be 0 but we'd have difficulties to adjust to trade imbalances and making economic adjustments because "the pie" is getting bigger. We need tiny inflation for slack and room to grow.