In this small gem of a book Professor Philipp Bagus of Universidad Rey Juan Carlos in Madrid has given us much more than an explanation of why the euro will fail the common man in Europe. FULL ARTICLE by Patrick Barron
Source link: http://archive.mises.org/15350/up-with-bagus-2/



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Great article, and no doubt it’s a great book.
The essential operating word is “plunder”.
Speaking of Euro plunder, here is an interesting tidbit that the goldbugs turned up:
Evidently this regulatory laxness is some kind of effort to prevent the Irish domino from falling and bringing down Spain, Portugal, Italy, etc. in succession.
How mad will the average German be in a couple of years when s/he realizes that the Eurozone is still standing, but their paycheck, pension and savings are worth a fraction of their previous value? Instead of the Germans needing a rapid reaction force to beat down protests in the PIIGS, will the PIIGS need to send riot troops to Germany instead?
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