Tuesday, September 6, 2011

Theory: The Euro Can Be Saved By A Fiscal Union

What do these articles have in common?

They gloss over the fact that East German workers could be trained to fill the vacancies in West Germany in the same way that Eastern American workers could be encouraged to emigrate to West America (aka California). 

What are the chances that young and well educated Greeks or Spaniards will move to Germany or the Netherlands? They are far more likely to come to the US.

Bureaucrats often forget they are dealing with people.

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