- Joined
- May 21, 2008
- Messages
- 627
- Reaction score
- 2
Actually, the only thing you can really get out of Europe right now is that the entire concept of having a single currency for several states who have the independent ability to issue bonds is one of the dumbest ideas in the history of international macroeconomics.
Some of those "socialist" states (I must have missed the news article where all of Europe seized the means of all production and became Marxist utopias) like Iceland, all of Scandanavia, and Canada are doing just honky-dory with their rational, mixed economies and socialized healthcare systems.
The states who can't seem to understand how idiotic of an idea the Euro was and don't want to deal with the pain of correcting for it are the ones that will suffer. (This goes for those in the Eurozone that are "Greeks" and "Germans"...idiots, both of them...)
The Euro bought Germany around 10 more years of attractive exports... and you gotta remember though not everything worked out that well for the Eurozone (all attempts at seriously establishing the PetroEuro over the PetroDollar got shut down ).
As for socialism I was using it with a lowercase "s" as in more the connotation of lacking austerity... those countries you list may do alright economically, but I would hardly tout a system like the Canadian Healthcare system as the model of excellence or anything the US should seek to emulate -- I highly doubt the "money" in their country would have ever supported it without the reassurance that a high quality safety valve system like the US existed where paying patients don't die while waiting in line for access to specialties.
BTW, you still shorting the Euro to parity?
Last edited: