Saturday, July 18, 2015

They Told You So: Economists Were Right to Doubt the Euro

Here is a link to a New York Times Op Ed by Gregory Mankiw pointing out why the Euro was a poor idea fostered by the Elites.  You just can't trust elites.  They often know more than others, but even more often know a lot less than they think.  That discrepancy shows up as adverse unanticipated consequences from laws, regulations, saving the planet, etc. - over and over again.

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