tag:blogger.com,1999:blog-2761684730989137546.post2811681900254627976..comments2024-03-29T02:19:19.866-04:00Comments on Mike Norman Economics: Mundell-Laffer on the External Sector; c.1975mike normanhttp://www.blogger.com/profile/03296006882513340747noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-2761684730989137546.post-51984141530441490722011-03-25T00:42:54.938-04:002011-03-25T00:42:54.938-04:00can someone tell me why the Euro still flies with ...can someone tell me why the Euro still flies with the PIIGS ?<br /><br />if American announces this sort of bailouts, then we get weaker USD.<br /><br />if EU announces it .. nothing Euro stays course.<br /><br />What is going on here ???<br /><br />Is the currency market rigged or not ?<br /><br />I can only come to following conclusion - the Maastrict Rule is not being followed.<br /><br />They are bailing out their confederacy and we are not bailing out our confederate states.<br /><br />If that is the case, then we have an example where MMT is being applied in the EU and it works but is being smoke screened behind some Austerity measures.<br /><br />Here it is not being applied to help the states of the Union.<br /><br />That's a kicker - MMT being hidden behind a false veil of Austrian Economic austerity !! the result - a strong Euro.googleheimhttps://www.blogger.com/profile/14459089745473598235noreply@blogger.com