“… 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”

n

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

 

This entry was posted in Greece, Intake, Intellect Run Amok, Money, outside. You are welcome to add your comment