Europe: is the great federalist experiment about to fail?

[Vraith]

the EU currently has two glaring problems: immigration and Germany's refusal to allow the Euro be the fiat currency that it actually is.

u.

If the second was allowed, the first would likely be less problematic.
Germany no doubt has power and position.
But I think the ECB even now has some actions it would/could take,
fiat-like, but won't take because they AGREE with the currency/debt/deficit/austerity junk.
So it isn't all about Germany.

[Morning]

I won't repeat my comments from upthread. I don't have the strenuous objections that others have (membership of the EU has been very beneficial for Ireland in the past for economic and social reasons), but, as I see it, the EU currently has two glaring problems: immigration and Germany's refusal to allow the Euro be the fiat currency that it actually is.

u.

Sure, just print on and feed the addicts.

[ussusimiel]

Sure, just print on and feed the addicts.

Yup, it's called MMT and the greatest example of it on earth at the moment is the US of A.

u.

[Morning]

Sure, just print on and feed the addicts.

Yup, it's called MMT and the greatest example of it on earth at the moment is the US of A.

u.

Exactly. End the Fed, end the ECB, end Abenomics - I am not expressing a wish, just a prediction soon to come true.

You cannot, should not, and definitely want not to have a unicorn dream based on fiat as the baseline scenario.

[aliantha]

Sure, just print on and feed the addicts.

Yup, it's called MMT and the greatest example of it on earth at the moment is the US of A.

u.

Exactly. End the Fed, end the ECB, end Abenomics - I am not expressing a wish, just a prediction soon to come true.

You cannot, should not, and definitely want not to have a unicorn dream based on fiat as the baseline scenario.

Didn't read the stuff at the link, did ya, Morning? The Fed is not the problem.

And I must say, u., l'm hurt that you didn't include me in your roster of MMT'ers.

[ussusimiel]

Exactly. End the Fed, end the ECB, end Abenomics - I am not expressing a wish, just a prediction soon to come true.

You cannot, should not, and definitely want not to have a unicorn dream based on fiat as the baseline scenario.

Obviously on this we differ. Lets take it over to the MMT thread and discuss it there.

And I must say, u., l'm hurt that you didn't include me in your roster of MMT'ers.

I started listing people and then realised that it was a Watch movement. I came late to the game so apologies if I didn't give your MMT-hood its proper regard

u.

P.S. Thanked you by accident there, but sure you deserve it anyway!

[Morning]

I didn't, but it's one of those rarest cases that I deem unnecessary to. Monetary flooding, that is, printing your way out of the mess created by rising to power on the shoulders of populist, lax and mediocre policies and promises, is going to bring the demise of TWAWKI. Only a commodity, pragmatically based economical model can survive the rule of these sociopaths who plague the West these days.

[Morning]

Exactly. End the Fed, end the ECB, end Abenomics - I am not expressing a wish, just a prediction soon to come true.

You cannot, should not, and definitely want not to have a unicorn dream based on fiat as the baseline scenario.

Obviously on this we differ. Lets take it over to the MMT thread and discuss it there.

u.

Some day. I would respectfully decline or request to adjourn my participation. Not feeling so bad right now.

[aliantha]

And I must say, u., l'm hurt that you didn't include me in your roster of MMT'ers.

I started listing people and then realised that it was a Watch movement. I came late to the game so apologies if I didn't give your MMT-hood its proper regard

u.

P.S. Thanked you by accident there, but sure you deserve it anyway!

Okay, I forgive you.