Democracy is also under threat in a way Koo doesn't treat, namely the subjugation of democracy on behalf of stability. The rise to power of Italian PM Mario Monti -- an unelected technocrat who was basically put in place by the ECB -- is a good example of that.Business Insider
Richard Koo: Democracy In Europe Is At Risk Of Collapse
Joe Weisenthal | Deputy Editor Of Business Insider
9 comments:
What does he think 'independent' central banks are?
"...I said you'd be the quite assassin of nation state democracy... not any more ... you're quite noisy about it, aren't you. You an unelected man ... "
- Nigel Farage to Van Rompuy, Nov 2011 ...
http://www.youtube.com/watch?v=ULns-cSUeVs
*quiet assassin (not quite)
Ramanan - that was a great rant by Nigle. Here is a collection of his words
http://www.youtube.com/watch?v=ez-88_hIrLY
Ramanan, Amazing clip.
Have you seen this?
http://www.youtube.com/watch?v=TpYIKF1wuyE
JK - he he :)
Clonal - Nice collection. Liked the phrase "economics prison"
Nigel Farage for EU president and/or head of the ECB.
Nigel Farage for EU president and/or head of the ECB.
No, thanks.
As many politicians and hypocrites, good at denouncing wrong stuff, but horrible in their own doings. N.F. own party is not specially looking for the good of working class neither specially pro-democracy & progress.
NF's rants were good, though with a misplaced confidence in "the market" He is no MMTer, and does not understand the capabilities of Central Banks. However, he is right about the anti-democratic nature of the Euro as it is currently structured.
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