Thomas Piketty — The Transferunion fantasy

On Macron's proposals for EU reform.

It is almost as if the revolutionaries in 1789, instead of setting up a National Assembly enabling all privileges to be abolished immediately and a new fiscal system to be set up, had only announced that it would be a good idea to pause to reflect on the setting up of a commission to consider a long-term plan to save the Ancien Régime. It is the difference between doing something and empty rhetoric.

Thomas Piketty's Blog at Le Monde
The Transferunion fantasy
Thomas Piketty | Professor at EHESS and at the Paris School of Economics