"Europe is a great example of just how wrong modern economics has been about pretty much everything. The totality of mainstream economics has been cheering the Euro project for decades, even when it was pretty clear that the single currency was a disaster for many of the members. It has all the cyclical defects of hard money and none of the benefits. The open borders part of the project has resulted in a flood of non-Europeans, who have upset the social order, threatening the stability of the Continent."
Read more : http://thezman.com/wordpress/?p=8051.
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