Its my Friday lay day blog – and today we have a little digression in IT matters. The WWW site Naked Capitalism that has been less than hostile towards Modern Monetary Theory (MMT) perspectives over the last several years seems to have a fix against any notion that an exit by Greece from the Eurozone madness is a viable alternative. The logic evades me. Yesterday (July 23, 2015), they reproduced an article – Once Again on the IT Challenges in Converting to the Drachma – which is written from a ‘left’ perspective and the author claims to be one of the very few people who has any “inkling of the problem”. The author explicitly referred to my recent blog – A Greek exit is not rocket science – and noted that I had not referred to IT wants in my discussion. The arguments presented rely on a very old literature that was written for a different problem altogether – the introduction of the euro and the replacement of 11 separate national currencies and accounting and business systems. The challenges relating to that problem were solved and the knowledge is intact. Further, business systems have become much more homogenised and sophisticated since then. The exit of one Member State to create a new currency is a much smaller IT challenge. I wonder why Naked Capitalism chooses to lower its standard by on-publishing this sort of stuff.