“The idea that the euro has “failed” is dangerously naive. The euro is doing exactly what its progenitor – and the wealthy 1%-ers who adopted it – predicted and planned for it to do. … Removing a government's control over currency would prevent nasty little elected officials from using Keynesian monetary and fiscal juice to pull a nation out of recession. “It puts monetary policy out of the reach of politicians,” [Robert] Mundell explained]. “Without fiscal policy, the only way nations can keep jobs is by the competitive reduction of rules on business.” … Hence, currency union is class war by other means. — Greg Palast, “Robert Mundell, evil genius of the euro.” Unlike”


Michael Hudson, Killing the Host: How Financial Parasites and Debt Bondage Destroy the Global Economy
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Killing the Host: How Financial Parasites and Debt Bondage Destroy the Global Economy Killing the Host: How Financial Parasites and Debt Bondage Destroy the Global Economy by Michael Hudson
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