tag:blogger.com,1999:blog-27932062.post3983825367638756663..comments2023-10-10T15:39:35.168+00:00Comments on Centre for European Reform: The euro: Reaching the endgame?Centre for European Reformhttp://www.blogger.com/profile/06815454225955436329noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-27932062.post-88814675876506086602011-10-23T04:29:04.097+00:002011-10-23T04:29:04.097+00:00Prescient article! I found it while trying to thin...Prescient article! I found it while trying to think forward about the important #Occupy movement. Do you know David Graeber's work?JeffreyNewmanhttp://www.earthcharter.orgnoreply@blogger.comtag:blogger.com,1999:blog-27932062.post-67110164047466393652011-09-25T15:00:22.695+00:002011-09-25T15:00:22.695+00:00Dear Simon,
Your analysis has major elements on t...Dear Simon,<br /><br />Your analysis has major elements on target but some serious omissions. See my paper http://mpra.ub.uni-muenchen.de/33476/ Eurobonds and asking Germany and Holland to bear the burden is unfair and too easy. Instead those nations should stop their aggressive export policies and start investing at home. The main problem lies in the failure of the democratic model of Trias Politica. Each nation needs its own Economic Supreme Court to respect economic science. Thus, it can be explained to Germans and Dutch that their own governments fail in the home economy.Thomas Colignatushttp://www.dataweb.nl/~cool/noreply@blogger.comtag:blogger.com,1999:blog-27932062.post-41822991492059257872011-09-20T20:29:06.099+00:002011-09-20T20:29:06.099+00:00A bit pessimistic. Greece will not leave the EA, a...A bit pessimistic. Greece will not leave the EA, and no one else will. See Willem Buiter's note about this published recently.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-27932062.post-817161793308271042011-09-20T18:11:12.683+00:002011-09-20T18:11:12.683+00:00Dear Simon
Bravo! Say it like it is. Just had thi...Dear Simon<br /><br />Bravo! Say it like it is. Just had this forwarded by a friend. This is simply the best and most comprehensive analysis of the whole debacle I have seen. I would only add that the ECB cant do LOLR functions for one other reason: its not a real central bank. Its a currency board with an inflation target, founded on the belief that adherence to a set of rules will make the economy perform such that all you need is a currency board with an inflation target. Other people have crises, but not people with good rules. As such all you have to do is fight the inflation that died a decade before your founding and you are in good shape. Never let mere facts get in the way of a good ideology. <br /><br />MBAnonymousnoreply@blogger.com