Professor Elam

Thursday March 4 2010

A member of the German cabinet suggested that Greece has plenty of real estate, such as uninhabited islands it could see to raise cash, Indeed a bankruptcy sale is all about raising cash from assets. 

In his book Why Government Dosen't Work Libertarian Harry Browne suggested the US Govt could sell the land in western states and use the cash to actually fund social security, removing it form Ponzi Scheme status. That of course never happened, and social security is still in trouble.