Tragedy of the Euro, The

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Ludwig von Mises Institute
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"Straight forward analysis of the European sovereign debt crisis in the Austrian tradition. It is a very good summery of the Austrian Business Cycle Theory and focuses on how the Euro is used against its original setup as a transfer-vehicle. It does not exclude the possibility of a monetary union in general, but only under non-deficit spending policies in all countries.
I like the analytical approach which reminds me of von Mises "Wertfreiheit", although it clearly takes side against demand oriented economics."

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