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status update

2011-01-25 21:31:10.790727+00 by Dan Lyke 3 comments

Krugman on Fresh Air just referred to the Euro as a "Great Experiment". Last time I heard that phrase it was about the Soviet Union in 1930s

[ related topics: Currency ]

comments in descending chronological order (reverse):

#Comment Re: made: 2011-01-27 01:37:57.79731+00 by: TheSHAD0W

When I first heard about the EU, I thought to myself, "they're eliminating tariffs between European nations? Wow, that's going to form an economic powerhouse, they're going to rival the US."

Then, "they're creating a combined currency? Wow! Uh, wait, this is going to be a fiat currency? Printed in multiple countries?"

Then, "they've created a central governing body, and are regulating the hell out of everything? Durp."

#Comment Re: made: 2011-01-26 15:42:10.623167+00 by: Dan Lyke

Then it's good to know that I'm not being too paranoid when I say "oh, that's not good."

#Comment Re: made: 2011-01-26 15:16:25.91915+00 by: m

Also referred to prohibition (sometimes "Noble Experiment"), and the founding of the US democracy as well.