Robert Mundell, evil genius of the euro | Greg Palast | Comment is free | The Guardian

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.”

via Robert Mundell, evil genius of the euro | Greg Palast | Comment is free | The Guardian.

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