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Source link: http://archive.mises.org/21160/mises-daily-thursday-february-23-2012/

Mises Daily: Thursday, February 23, 2012

February 23, 2012 by

“The Future of the Euro” by Philipp Bagus

The euro came with an implicit bailout guarantee. Market participants expected stronger governments to bail out weaker ones. The bailouts of Greece, Ireland, and Portugal have made these wealth transfers more visible. The question of who will be paying the bill decides the future of the euro. There are several possibilities.

“The Fall of Communism in Virginia” by Murray N. Rothbard

In the Virginia colony, each person contributed the fruit of his labor according to his ability, and each received produce according to his need.

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