For every complex problem…

For every complex problem, there is a solution that is clear, simple and wrong.

Greece is a complex problem. Paul Krugman points to this Choose Your Own Adventure on the Greek crisis. Much like the original books, there are many, many nasty ends.

Read it, try it, explore a few paths. This is the best resource I’ve seen recently to explain exactly how bad almost all the alternatives are, and how there are no really good outcomes from this mess.

Rest of The World, watch out.

Published by David Kirk

The opinions expressed on this site are those of the author and other commenters and are not necessarily those of his employer or any other organisation. David Kirk runs Milliman’s actuarial consulting practice in Africa. He is an actuary and is the creator of New Business Margin on Revenue. He specialises in risk and capital management, regulatory change and insurance strategy . He also has extensive experience in embedded value reporting, insurance-related IFRS and share option valuation.

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