tag:blogger.com,1999:blog-2761684730989137546.post7975691522358477122..comments2024-03-28T07:50:06.102-04:00Comments on Mike Norman Economics: Matthew Dal Santo — Greek debt crisis: the failure of the euro wasn't just predictable, it was predictedmike normanhttp://www.blogger.com/profile/03296006882513340747noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-2761684730989137546.post-9199642276247492762015-07-01T07:34:00.142-04:002015-07-01T07:34:00.142-04:00Yes, but Sweden didn't sign up to use the Euro...Yes, but Sweden didn't sign up to use the Euro which is this debate, is the critical fact.Jonathan Larsonhttps://www.blogger.com/profile/05217670446743983955noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-54841501047277281222015-07-01T07:01:52.137-04:002015-07-01T07:01:52.137-04:00Sweden has signed the Maastricht Treaty.Sweden has signed the Maastricht Treaty.Simsalablunderhttps://www.blogger.com/profile/12514131877923113302noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-69599446545719896512015-06-30T23:14:41.242-04:002015-06-30T23:14:41.242-04:00Yes indeed, the problems of the Euro were built in...Yes indeed, the problems of the Euro were built into the <a href="http://real-economics.blogspot.com/2011/06/banksters-ruin-everything-they-touch.html" rel="nofollow">Maastricht Treaty</a> (punch that link and you see what I was writing in June 2011.) The Euro was designed by Robert Mundell, the idiot junior colleague of Milton Friedman at the University of Chicago (if you can imagine such a thing is possible.) It was an idea based on everything that produced the Great Depression. This right-wing BS was thoroughly discredited in 1873, 1893, 1907, 1921, and 1929. But did those fools learn anything? Are you kidding?<br /><br />I tried to warn my European colleagues about the dangers of the Euro. And to their credit, my tribe in Norway and Sweden stayed out of that trap. But for most in Europe, monetary policy is just a detail. For someone who grew up in rural Minnesota where monetary policy was passionately debated in barber shops and church basements, this still stuns me. The Marxists I know truly hate the subject. There are dozens of reasons for this, but mostly it explains how a Barasso can go from being a Maoist to a neoliberal swine without his head exploding from the contradictions.Jonathan Larsonhttps://www.blogger.com/profile/05217670446743983955noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-4807500496527999932015-06-30T22:24:47.178-04:002015-06-30T22:24:47.178-04:00Yes, predicted by everyone EXCEPT the rubes being ...Yes, predicted by everyone EXCEPT the rubes being looted. Those same people still don't know what hit them, even in Greece. Unless we find out later in their referendum next week.<br /><br />Don't be surprised by a "referendumb."<br />Roger Ericksonhttps://www.blogger.com/profile/17515506247888521516noreply@blogger.com