This interview is almost incoherent.<p>Note the contradiction: &quot;no involuntary unemployment and, indeed, no money&quot; followed by &quot;real wages fell by 40% but employment dropped&quot;.<p>The latter statement only contradicts Keynesian economics, which don&#x27;t have relative prices (Keynesian economics has only real and nominal dollars of GDP) and uses money combined with sticky prices to explain involuntary unemployment.<p>But although in one sentence he seems to think the Greek experience contradicts Keynesian economics, he turns around and appeals to Keynesian economics a few minutes later: &quot;the 3.5% primary target for 2018 would depress growth today&quot;.