Monthly Archives: July 2015

Debt

Consider the case of King Ludwig II. This 19th century Bavarian monarch was a spendaholic with social phobia and addiction problems. He racked up debts amounting to billions in today’s currency by building palaces to outdo his idol Louis XIV. “Enough is enough,” said the bankers, and he was declared insane and deposed at the age of 40. Weeks later this sad brilliant delusional man was dead in mysterious circumstances, most likely murder-suicide, while out with the psychiatrist who had declared him insane.

Last week I went around the palaces he built. They are mad, stunning, silly, beautiful places, and over the years the admission charges have paid for their construction many times over.

Bankers, Greece has some spending issues, but it’s a wonderful place and has a lot to give the world, now and in the future. Cut them some slack.

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