> >Much of what David Hillary wrote makes some sense. But the idea that
> >the Euro has some constructive economic or liberating function is
> >absurd. IMHO.
>
> Well surely "absurd" is too strong a word; this is just a friendly
> discussion after all!
I was originally going to write "wrong headed" but I thought that
was too strong so I toned it down. :)
> David's letter was one of the best-written things I've seen on the
> internet in ages! I had nver thought about many of the issues that
> way.
Yes, it was well written, thoughtful and worth reading.
But there were a few serious misconceptions. The worst of these was
the idea that a fiat currency by virtue of being imposed over a larger
area is somehow an improvement. Another is that the EU has anything
to do with free trade: rather it is regulation (ie unfreedom) of trade
more comprehensively over a larger area. Both of these are steps
backward.
CCS
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