Making PIIGS

Into PIIGSS

For those in the know, the acronym in the title stands for: Portugal, Ireland, Italy, Greece, and Spain. These nations are in terrible monetary shape and are dragging Europe down with them thanks to the wonderful idea that was the European Union.

So, who is the next “S”?

The Democratic Socialist/Progressive utopia of Sweden.

If Sweden was a person, it’d be like the guy with three mortgages, seven maxed-out credit cards and four collection agencies chasing him that just signed a lease for a brand new BMW X6. Simply put, there’s a lot of red ink in the future; it just hasn’t been fully realized yet.

The Honorable Lady Thatcher proves to be correct again.

This entry was posted in The Economic Way of Thinking. Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.