“… everything in the world is a force, a pull or a push. In order for us to be pushed or pulled we need to be like a sail, like a kite in the wind. But if we have a hole in the middle of our luminosity, the force goes through it and never acts upon us.”
Carlos Castaneda

The Second Ring of Power

Euro as “Creative Destruction”


Can it be that the Greek (and Portugal and Spain and … ) crisis is inherently built into the design of the Eurozone?

“The euro would really do its work when crises hit … Removing a government’s control over currency would prevent nasty little elected officials from using Keynesian monetary and fiscal juice to pull a nation out of recession … It puts monetary policy out of the reach of politicians … [And] without fiscal policy, the only way nations can keep jobs is by the competitive reduction of rules on business”

from the Guardian: Robert Mundell, evil genius of the Euro


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