Quote:
Originally Posted by Eichhornchen
I heard this story on the morning radio news a couple of hours ago: I think the UK deserves credit, too, for keeping away from all this Euro madness.
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They do not need the Euro to mess up further - their whole financial status is one big mess in itself. Well, almost every Western state suits that description, but still some have even bigger problems than others. This is what happens if you base such a major part of your economic fundament on banking business trading illusive value and debts only. Their deficits and debts are such that there is good reason of why some people say that if the UK would join the Euro, not Greece or France or Spain or Italy would be the most dangerous threat factor, but the UK.
Good ol' Mises. Its all there, can all be read, has all been proven by history since then, is all so damn true. Its just not what politicians want to hear, for it is bitter medicine, and advise countering politicians and showing what criminal jerks they are. Mises, Hayek - read them guys, read them. They were ahead of times and have forseen our situation today by several decades.
Instead, we have chosen for Keynes. What we get from that, serves us right. For he who chooses, is responsible for his choice. Foul excuses are not wanted, with sound reason even back then one could have seen where it would lead.
And then there is Japan.
They are "stimulating" themselves to death. Since decades.
Works wonderful. Nowhere else money printers sell so well, they are a real stimulus to the economy.
