In his book “Eurozone Dystopia”, Bill Mitchell quotes the three conditions that Mundell believed were necessary to achieve an OCA...
From the outset, and today more than ever, it was clear that none of these three conditions is even remotely fulfilled in Europe....The Gower Initiative for Modern Money Studies
The Concept of an Optimal Currency Area, and why the EU has failed to create it.
Carlos García Hernández
5 comments:
I'm guessing that sectarianism is not an optimal condition.
It’s an OSC (optimal sectarian condition) in place. Works great!
It’s an OSC (optimal sectarian condition) in place. Works great!
Managed by the Office of Sectarian Conditioning
“10 A sectarian man, after one and a second admonition, refuse” Titus 3:10
Two strikes and you’re out...
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