Robert Mundell, evil genius of the euro

Greg Palast, Guardian economist has written about Robert Mundell, evil genius of the euro:

The euro would really do its work when crises hit, Mundell explained. 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,” he said. “[And] without fiscal policy, the only way nations can keep jobs is by the competitive reduction of rules on business.”

He cited labor laws, environmental regulations and, of course, taxes. All would be flushed away by the euro. Democracy would not be allowed to interfere with the marketplace…

The current crisis, and the pain on the poor and the working is part of the plan.

2 comments to Robert Mundell, evil genius of the euro

  • Dirk

    All because he couldn’t relocate his toilet! Wow. No wonder they say “All would be flushed away by the euro! Sounds stinky to me.

    • davidpetraitis

      Dirk, scatological opinion may be appropriate in some instances, methinks the level of cynicism of Mundell which is portrayed by Palast would qualify for this treatment.

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