I Believe The Role That People Like

When You Have A Time Of Crisis What Happens Depends On What Ideas Are Floating Around, And What Ideas Have Been Developed, And Thought Through, And Are Made Effective.

What You Have As A Result Of Past Policies Is That German Entrepreneurs Go Outside Of Germany For Many Of Their Activities. They Are Investing Abroad Instead Of At Home Because There Isn't The Openness, Fluidity And Opportunity They Find Outside Their Borders.

I Think A Major Reason Why Intellectuals Tend To Move Towards Collectivism Is That The Collectivist Answer Is A Simple One. If There's Something Wrong, Pass A Law And Do Something About It.

I Cannot Disagree With You That Having Something Like 500 Economists Is Extremely Unhealthy. As You Say, It Is Not Conducive To Independent, Objective Research. You And I Know There Has Been Censorship Of The Material Published. Equally Important, The Location Of The Economists In The Federal Reserve Has Had A Significant Influence On The Kind Of Research They Do, Biasing That Research Toward Noncontroversial Technical Papers On Method As Opposed To Substantive Papers On Policy And Results

The Euro Is Going To Be A Big Source Of Problems, Not A Source Of Help.