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Saturday, September 24, 2011

EU

Amplify’d from lewrockwell.com

The price of
the break-up of the ECB, the EMU, and the EU will be high because
of the frauds and convenient fictions that preceded them. If Europe's
voters had not created welfare states, if they had not consented
to a common fiat currency, but instead had abolished all central
banking and had allowed competing private currencies, and if they
had abolished tariffs and not created a bureaucratic monstrosity
of non-governmental agencies with the power of government –
the WTO and its peers – there would be low transition costs.
But they listened to Monnet. They will now pay the price.

Read more at lewrockwell.com
 

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