The Euro Is Good For Europe. But

So Long As It Stays Within The Rules Of The Game, Which Is To Say, Engages In Open And Free Competition Without Deception Or Fraud.

The Invisible Hand In Politics Operates In The Opposite Direction To The Invisible Hand In The Market.

If You Continue To Use Monetary Policy To Attempt To Promote Full Employment The Result Would Be That You Would Have Higher Inflation, And That You Would Not Have Lower Unemployment.

The Collapse Of Communism In Essence Added Tens And Tens Of Millions Of People To The World Labor Supply, And The People Who Were Added Had Previously Been Getting Very Low Income, But They Were Not Unskilled. Many Of Them Were Fairly Well Educated.

Inflation Is Taxation Without Legislation.