<?xml version="1.0" encoding="UTF-8"?><rss version="2.0"
	xmlns:content="http://purl.org/rss/1.0/modules/content/"
	xmlns:dc="http://purl.org/dc/elements/1.1/"
	xmlns:atom="http://www.w3.org/2005/Atom"
	xmlns:sy="http://purl.org/rss/1.0/modules/syndication/"
		>
<channel>
	<title>Comments on: The EU Crackup</title>
	<atom:link href="http://archive.mises.org/16538/the-eu-crackup/feed/" rel="self" type="application/rss+xml" />
	<link>http://archive.mises.org/16538/the-eu-crackup/</link>
	<description>Proceeding Ever More Boldly Against Evil</description>
	<lastBuildDate>Wed, 22 May 2013 12:12:15 +0000</lastBuildDate>
	<sy:updatePeriod>hourly</sy:updatePeriod>
	<sy:updateFrequency>1</sy:updateFrequency>
	<generator>http://wordpress.org/?v=3.5.1</generator>
	<item>
		<title>By: Sione</title>
		<link>http://archive.mises.org/16538/the-eu-crackup/comment-page-1/#comment-774805</link>
		<dc:creator>Sione</dc:creator>
		<pubDate>Sat, 23 Apr 2011 21:50:44 +0000</pubDate>
		<guid isPermaLink="false">http://blog.mises.org/?p=16538#comment-774805</guid>
		<description><![CDATA[RichF

Yes. I reckon you be right.

Got any tequila?

--

On a more serious note, why oh why is race such a big deal in the USA? I&#039;d have thought it&#039;d been done to death and that people were over it by now.

Sione]]></description>
		<content:encoded><![CDATA[<p>RichF</p>
<p>Yes. I reckon you be right.</p>
<p>Got any tequila?</p>
<p>&#8211;</p>
<p>On a more serious note, why oh why is race such a big deal in the USA? I&#8217;d have thought it&#8217;d been done to death and that people were over it by now.</p>
<p>Sione</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Oskar Lindman</title>
		<link>http://archive.mises.org/16538/the-eu-crackup/comment-page-1/#comment-774577</link>
		<dc:creator>Oskar Lindman</dc:creator>
		<pubDate>Fri, 22 Apr 2011 20:44:43 +0000</pubDate>
		<guid isPermaLink="false">http://blog.mises.org/?p=16538#comment-774577</guid>
		<description><![CDATA[There are alternatives to the bail-out package suggested and, for instance, the social-democratic party here in Finland would like the banks to share some risk via a debt restructuring -scheme. I don&#039;t know if it would make anymore sense economically or politcally, but it might be better in some moral consideration. What can you do with the current fiat-credit -based world economy? Mr. Rockwell was hoping for a return to sound money and so do I.

The swedish-speaking minority is not just a minority. The True Finns would like to get rid of compulsory teaching of swedish in schools, this was one of their political aims and aided to win the election. The swedes have it good here. Swedish is not only a language taught in schools, it&#039;s all about culture and civilizational values, too, I would like to point out.]]></description>
		<content:encoded><![CDATA[<p>There are alternatives to the bail-out package suggested and, for instance, the social-democratic party here in Finland would like the banks to share some risk via a debt restructuring -scheme. I don&#8217;t know if it would make anymore sense economically or politcally, but it might be better in some moral consideration. What can you do with the current fiat-credit -based world economy? Mr. Rockwell was hoping for a return to sound money and so do I.</p>
<p>The swedish-speaking minority is not just a minority. The True Finns would like to get rid of compulsory teaching of swedish in schools, this was one of their political aims and aided to win the election. The swedes have it good here. Swedish is not only a language taught in schools, it&#8217;s all about culture and civilizational values, too, I would like to point out.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Kaj Grüssner</title>
		<link>http://archive.mises.org/16538/the-eu-crackup/comment-page-1/#comment-774565</link>
		<dc:creator>Kaj Grüssner</dc:creator>
		<pubDate>Fri, 22 Apr 2011 19:47:01 +0000</pubDate>
		<guid isPermaLink="false">http://blog.mises.org/?p=16538#comment-774565</guid>
		<description><![CDATA[Great! Another sociologist talking about economics. He is actually claiming that the bond markets and credit rating agencies brought down Portugal for ideological reasons! Yeah, ideology is the guiding star for all actors on the bond market. The fact that Portugal, like most other countries in the West, is patently unable to live within its means and repay its debts had nothing to do with it. 

Notice how he claims that Portugal were doing a lot better than many of its neighbours. Like that&#039;s saying anything, considering most of them are on the brink of bankruptcy. He doesn&#039;t mention any figures either.

What he does call for is, surprise surprise, more regulation, more central planning and more money printing. Why can&#039;t these guys just shut the hell up and go back drinking coffee wearing Che t-shirts?]]></description>
		<content:encoded><![CDATA[<p>Great! Another sociologist talking about economics. He is actually claiming that the bond markets and credit rating agencies brought down Portugal for ideological reasons! Yeah, ideology is the guiding star for all actors on the bond market. The fact that Portugal, like most other countries in the West, is patently unable to live within its means and repay its debts had nothing to do with it. </p>
<p>Notice how he claims that Portugal were doing a lot better than many of its neighbours. Like that&#8217;s saying anything, considering most of them are on the brink of bankruptcy. He doesn&#8217;t mention any figures either.</p>
<p>What he does call for is, surprise surprise, more regulation, more central planning and more money printing. Why can&#8217;t these guys just shut the hell up and go back drinking coffee wearing Che t-shirts?</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: mnuno</title>
		<link>http://archive.mises.org/16538/the-eu-crackup/comment-page-1/#comment-774560</link>
		<dc:creator>mnuno</dc:creator>
		<pubDate>Fri, 22 Apr 2011 19:23:56 +0000</pubDate>
		<guid isPermaLink="false">http://blog.mises.org/?p=16538#comment-774560</guid>
		<description><![CDATA[portugal&#039;s banking industry was not (and still isn&#039;t) in the need for a bailout. Portugal&#039;s crisis is markedly different from that of Greece and Ireland (and Spain, Belgium...)
http://www.nytimes.com/2011/04/13/opinion/13fishman.html]]></description>
		<content:encoded><![CDATA[<p>portugal&#8217;s banking industry was not (and still isn&#8217;t) in the need for a bailout. Portugal&#8217;s crisis is markedly different from that of Greece and Ireland (and Spain, Belgium&#8230;)<br />
<a href="http://www.nytimes.com/2011/04/13/opinion/13fishman.html" rel="nofollow">http://www.nytimes.com/2011/04/13/opinion/13fishman.html</a></p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Kaj Grüssner</title>
		<link>http://archive.mises.org/16538/the-eu-crackup/comment-page-1/#comment-773629</link>
		<dc:creator>Kaj Grüssner</dc:creator>
		<pubDate>Thu, 21 Apr 2011 05:15:33 +0000</pubDate>
		<guid isPermaLink="false">http://blog.mises.org/?p=16538#comment-773629</guid>
		<description><![CDATA[Can anyone deny that both Republicans and Democrats are national socialists? In fact, can anyone name any major party in any country that isn&#039;t?]]></description>
		<content:encoded><![CDATA[<p>Can anyone deny that both Republicans and Democrats are national socialists? In fact, can anyone name any major party in any country that isn&#8217;t?</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Sione</title>
		<link>http://archive.mises.org/16538/the-eu-crackup/comment-page-1/#comment-773624</link>
		<dc:creator>Sione</dc:creator>
		<pubDate>Thu, 21 Apr 2011 04:58:44 +0000</pubDate>
		<guid isPermaLink="false">http://blog.mises.org/?p=16538#comment-773624</guid>
		<description><![CDATA[National Socialst! Now that has a certain ring to it.

Sione]]></description>
		<content:encoded><![CDATA[<p>National Socialst! Now that has a certain ring to it.</p>
<p>Sione</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Another swede</title>
		<link>http://archive.mises.org/16538/the-eu-crackup/comment-page-1/#comment-773454</link>
		<dc:creator>Another swede</dc:creator>
		<pubDate>Wed, 20 Apr 2011 17:02:14 +0000</pubDate>
		<guid isPermaLink="false">http://blog.mises.org/?p=16538#comment-773454</guid>
		<description><![CDATA[Hello RichF. The reason is that finland used to belong to sweden once upon a time, and there still exists a small minority that only speak swedish. The swedish peoples party is the party for this minority.]]></description>
		<content:encoded><![CDATA[<p>Hello RichF. The reason is that finland used to belong to sweden once upon a time, and there still exists a small minority that only speak swedish. The swedish peoples party is the party for this minority.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Another swede</title>
		<link>http://archive.mises.org/16538/the-eu-crackup/comment-page-1/#comment-773453</link>
		<dc:creator>Another swede</dc:creator>
		<pubDate>Wed, 20 Apr 2011 17:01:05 +0000</pubDate>
		<guid isPermaLink="false">http://blog.mises.org/?p=16538#comment-773453</guid>
		<description><![CDATA[Prettyskin, let me also point out, that it is quite reasonable to change your opinion once you have better data. I don&#039;t know how it works where you live, but where I live, people have the right to change their opinions. 

Ergo, once Finland thought it was a good idea, fine. Now they don&#039;t so they should vote about it in true democratic fashion. 

Sadly the &quot;true democratic fashion&quot; concept, is one that is wearing pretty thin in the EU. Very few people were allowed to vote for or against the constitution because politicians were afraid of a no. This shows the Eu is for politicians only (who btw get set for life with millions of euros) instead of for the citizens.]]></description>
		<content:encoded><![CDATA[<p>Prettyskin, let me also point out, that it is quite reasonable to change your opinion once you have better data. I don&#8217;t know how it works where you live, but where I live, people have the right to change their opinions. </p>
<p>Ergo, once Finland thought it was a good idea, fine. Now they don&#8217;t so they should vote about it in true democratic fashion. </p>
<p>Sadly the &#8220;true democratic fashion&#8221; concept, is one that is wearing pretty thin in the EU. Very few people were allowed to vote for or against the constitution because politicians were afraid of a no. This shows the Eu is for politicians only (who btw get set for life with millions of euros) instead of for the citizens.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Kaj Grüssner</title>
		<link>http://archive.mises.org/16538/the-eu-crackup/comment-page-1/#comment-773449</link>
		<dc:creator>Kaj Grüssner</dc:creator>
		<pubDate>Wed, 20 Apr 2011 16:38:21 +0000</pubDate>
		<guid isPermaLink="false">http://blog.mises.org/?p=16538#comment-773449</guid>
		<description><![CDATA[It seems clear you didn&#039;t get anything, which is typical for people who are content with spouting the propganda they&#039;ve heard in politically correct media.

In 1994, when Finland decided to join the EU, it was impossible to anticipate the current problems since the Euro would not become currency in Finland for another eight years. But even if they had known, it still doesn&#039;t change the following fundamental facts of life:

1. There is nothing the EU can do to prevent the market correction from taking place. They&#039;ve kicked the can down the road as far as it goes. When Spain and Italy falls all the bailouts and stabilizaion packages afforded to Greece and Ireland will be naught, and EU as a whole will have to deal with a much larger problem.

2. Even if Finland wanted to help Portugal, it doesn&#039;t have the money to do so.

3. Helping Portugal the way the EU wants to do is not helping them at all. Its enabling them and other irresponsible countries to keep acting irresponsably.

Do you get that?]]></description>
		<content:encoded><![CDATA[<p>It seems clear you didn&#8217;t get anything, which is typical for people who are content with spouting the propganda they&#8217;ve heard in politically correct media.</p>
<p>In 1994, when Finland decided to join the EU, it was impossible to anticipate the current problems since the Euro would not become currency in Finland for another eight years. But even if they had known, it still doesn&#8217;t change the following fundamental facts of life:</p>
<p>1. There is nothing the EU can do to prevent the market correction from taking place. They&#8217;ve kicked the can down the road as far as it goes. When Spain and Italy falls all the bailouts and stabilizaion packages afforded to Greece and Ireland will be naught, and EU as a whole will have to deal with a much larger problem.</p>
<p>2. Even if Finland wanted to help Portugal, it doesn&#8217;t have the money to do so.</p>
<p>3. Helping Portugal the way the EU wants to do is not helping them at all. Its enabling them and other irresponsible countries to keep acting irresponsably.</p>
<p>Do you get that?</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: prettyskin</title>
		<link>http://archive.mises.org/16538/the-eu-crackup/comment-page-1/#comment-773439</link>
		<dc:creator>prettyskin</dc:creator>
		<pubDate>Wed, 20 Apr 2011 16:10:07 +0000</pubDate>
		<guid isPermaLink="false">http://blog.mises.org/?p=16538#comment-773439</guid>
		<description><![CDATA[Okay, got you. Joining the EU should have been known to carry consequences. Finland did not understand (then and now) the economics of becoming an EU State.]]></description>
		<content:encoded><![CDATA[<p>Okay, got you. Joining the EU should have been known to carry consequences. Finland did not understand (then and now) the economics of becoming an EU State.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: prettyskin</title>
		<link>http://archive.mises.org/16538/the-eu-crackup/comment-page-1/#comment-773437</link>
		<dc:creator>prettyskin</dc:creator>
		<pubDate>Wed, 20 Apr 2011 16:06:01 +0000</pubDate>
		<guid isPermaLink="false">http://blog.mises.org/?p=16538#comment-773437</guid>
		<description><![CDATA[What is prevalent among some native born is to pretend their nation was financially strong. Deniers.]]></description>
		<content:encoded><![CDATA[<p>What is prevalent among some native born is to pretend their nation was financially strong. Deniers.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: RichF</title>
		<link>http://archive.mises.org/16538/the-eu-crackup/comment-page-1/#comment-773391</link>
		<dc:creator>RichF</dc:creator>
		<pubDate>Wed, 20 Apr 2011 11:52:28 +0000</pubDate>
		<guid isPermaLink="false">http://blog.mises.org/?p=16538#comment-773391</guid>
		<description><![CDATA[I&#039;ll bet Mexican parties are way more fun!]]></description>
		<content:encoded><![CDATA[<p>I&#8217;ll bet Mexican parties are way more fun!</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: coturnix19</title>
		<link>http://archive.mises.org/16538/the-eu-crackup/comment-page-1/#comment-773362</link>
		<dc:creator>coturnix19</dc:creator>
		<pubDate>Wed, 20 Apr 2011 06:50:56 +0000</pubDate>
		<guid isPermaLink="false">http://blog.mises.org/?p=16538#comment-773362</guid>
		<description><![CDATA[So, they are nationalists, and they are socialists? Hmmm.... that ain&#039;t good, is it?]]></description>
		<content:encoded><![CDATA[<p>So, they are nationalists, and they are socialists? Hmmm&#8230;. that ain&#8217;t good, is it?</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Beefcake the Mighty</title>
		<link>http://archive.mises.org/16538/the-eu-crackup/comment-page-1/#comment-773344</link>
		<dc:creator>Beefcake the Mighty</dc:creator>
		<pubDate>Wed, 20 Apr 2011 03:11:17 +0000</pubDate>
		<guid isPermaLink="false">http://blog.mises.org/?p=16538#comment-773344</guid>
		<description><![CDATA[Ask yourself whether you&#039;d rather have a Swedish People&#039;s Party or a Mexican People&#039;s Party.]]></description>
		<content:encoded><![CDATA[<p>Ask yourself whether you&#8217;d rather have a Swedish People&#8217;s Party or a Mexican People&#8217;s Party.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: RichF</title>
		<link>http://archive.mises.org/16538/the-eu-crackup/comment-page-1/#comment-773337</link>
		<dc:creator>RichF</dc:creator>
		<pubDate>Wed, 20 Apr 2011 02:16:48 +0000</pubDate>
		<guid isPermaLink="false">http://blog.mises.org/?p=16538#comment-773337</guid>
		<description><![CDATA[OK, I don&#039;t know a whole lot about Finland, so why is there a Swedish People&#039;s Party? Would that be like having a Mexican People&#039;s Party here in the US? I know how well that would go over here...]]></description>
		<content:encoded><![CDATA[<p>OK, I don&#8217;t know a whole lot about Finland, so why is there a Swedish People&#8217;s Party? Would that be like having a Mexican People&#8217;s Party here in the US? I know how well that would go over here&#8230;</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Paul R.</title>
		<link>http://archive.mises.org/16538/the-eu-crackup/comment-page-1/#comment-773306</link>
		<dc:creator>Paul R.</dc:creator>
		<pubDate>Tue, 19 Apr 2011 23:19:06 +0000</pubDate>
		<guid isPermaLink="false">http://blog.mises.org/?p=16538#comment-773306</guid>
		<description><![CDATA[Finland didn&#039;t need a bailout in 1995 and has been a net loser in the EU/ECB wealth transfers. To imply that Finland is somehow obligated to participate in the bailout is outrageous.]]></description>
		<content:encoded><![CDATA[<p>Finland didn&#8217;t need a bailout in 1995 and has been a net loser in the EU/ECB wealth transfers. To imply that Finland is somehow obligated to participate in the bailout is outrageous.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Kaj Grüssner</title>
		<link>http://archive.mises.org/16538/the-eu-crackup/comment-page-1/#comment-773286</link>
		<dc:creator>Kaj Grüssner</dc:creator>
		<pubDate>Tue, 19 Apr 2011 21:06:24 +0000</pubDate>
		<guid isPermaLink="false">http://blog.mises.org/?p=16538#comment-773286</guid>
		<description><![CDATA[Prettyskin

What all proponents of &quot;helping&quot; Portugal and others seem to miss is that there is nothing the EU can do to actually help anyone. All they can do is to kick the can down the road, and in doing so they compound the problem even further. Just like in the US. 

I don&#039;t think Soini and the True Finns understand the economics of it all, but they do understand it is lunacy for an already debt ridden country like Finland with record high deficits of its own to guarantee the loans of a country that clearly is not able to repay its existing loans, much less the added 100 something billion in new loans. 

The market has declared Portugal to be unable to pay its debt. It is sheer madness for a struggling country to assume the liability of another country that has already fallen. Soini understands this, which really shouldn&#039;t be too difficult to grasp for anyone with half a brain. The fact that our finance minister and soon to be PM doesn&#039;t is tragic, pathetic and wholly embarrassing.]]></description>
		<content:encoded><![CDATA[<p>Prettyskin</p>
<p>What all proponents of &#8220;helping&#8221; Portugal and others seem to miss is that there is nothing the EU can do to actually help anyone. All they can do is to kick the can down the road, and in doing so they compound the problem even further. Just like in the US. </p>
<p>I don&#8217;t think Soini and the True Finns understand the economics of it all, but they do understand it is lunacy for an already debt ridden country like Finland with record high deficits of its own to guarantee the loans of a country that clearly is not able to repay its existing loans, much less the added 100 something billion in new loans. </p>
<p>The market has declared Portugal to be unable to pay its debt. It is sheer madness for a struggling country to assume the liability of another country that has already fallen. Soini understands this, which really shouldn&#8217;t be too difficult to grasp for anyone with half a brain. The fact that our finance minister and soon to be PM doesn&#8217;t is tragic, pathetic and wholly embarrassing.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: prettyskin</title>
		<link>http://archive.mises.org/16538/the-eu-crackup/comment-page-1/#comment-773253</link>
		<dc:creator>prettyskin</dc:creator>
		<pubDate>Tue, 19 Apr 2011 19:09:56 +0000</pubDate>
		<guid isPermaLink="false">http://blog.mises.org/?p=16538#comment-773253</guid>
		<description><![CDATA[So, in 1994, Finland voted/joined the European Union (EU). In doing so, they received assistance and benefits as a member. Of course, members do contribute to the union --so Finland contributed.Now, a member of that said Union needs help, regardless of the reasons, it seems obligatory for Finland to reciprocate.After the collapse of the Soviet Union, their trade partner, Finland was greatly depressed with very high unemployment.  They saw it necessary to join the EU to reap the benefits then and now they are seeing it necessary to abandon a contractual agreement. Bite the hand that fed you, I better get to the Sauna.]]></description>
		<content:encoded><![CDATA[<p>So, in 1994, Finland voted/joined the European Union (EU). In doing so, they received assistance and benefits as a member. Of course, members do contribute to the union &#8211;so Finland contributed.Now, a member of that said Union needs help, regardless of the reasons, it seems obligatory for Finland to reciprocate.After the collapse of the Soviet Union, their trade partner, Finland was greatly depressed with very high unemployment.  They saw it necessary to join the EU to reap the benefits then and now they are seeing it necessary to abandon a contractual agreement. Bite the hand that fed you, I better get to the Sauna.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: mwf</title>
		<link>http://archive.mises.org/16538/the-eu-crackup/comment-page-1/#comment-773238</link>
		<dc:creator>mwf</dc:creator>
		<pubDate>Tue, 19 Apr 2011 18:12:48 +0000</pubDate>
		<guid isPermaLink="false">http://blog.mises.org/?p=16538#comment-773238</guid>
		<description><![CDATA[Also worthwhile to note, that basically all the parties in parliament are social democrat. The differences between the four largest parties are quite minute: It&#039;s more about image than actual policy. The True Finns are anti-EU and immigration, but their economic agenda is perhaps more social democrat than any of the others. All are for &quot;taxing the rich&quot;.]]></description>
		<content:encoded><![CDATA[<p>Also worthwhile to note, that basically all the parties in parliament are social democrat. The differences between the four largest parties are quite minute: It&#8217;s more about image than actual policy. The True Finns are anti-EU and immigration, but their economic agenda is perhaps more social democrat than any of the others. All are for &#8220;taxing the rich&#8221;.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Patrick Barron</title>
		<link>http://archive.mises.org/16538/the-eu-crackup/comment-page-1/#comment-773235</link>
		<dc:creator>Patrick Barron</dc:creator>
		<pubDate>Tue, 19 Apr 2011 17:56:51 +0000</pubDate>
		<guid isPermaLink="false">http://blog.mises.org/?p=16538#comment-773235</guid>
		<description><![CDATA[The True Finns are just the advance troops.  There are True Germans, True French, and True (Fill in the blank) in every country.  No country dares hold a real referendum on the EU, because it would  have no chance of passing.]]></description>
		<content:encoded><![CDATA[<p>The True Finns are just the advance troops.  There are True Germans, True French, and True (Fill in the blank) in every country.  No country dares hold a real referendum on the EU, because it would  have no chance of passing.</p>
]]></content:encoded>
	</item>
</channel>
</rss>

<!-- Performance optimized by W3 Total Cache. Learn more: http://www.w3-edge.com/wordpress-plugins/

Page Caching using apc
Database Caching 15/51 queries in 0.045 seconds using memcached
Object Caching 617/668 objects using apc

 Served from: archive.mises.org @ 2013-05-22 17:34:07 by W3 Total Cache -->