In An-Austrian-Defense-of-the-Euro (link) , is he saying that centralized monetary policy combined with decentralized fiscal policy is beneficial? I don’t understand what he’s trying to say because I’m just dumb.

As far as I understand, the point is just that the Euro is stronger than the former currencies of most Eurozone countries, and thus has been beneficial to them. I would not construe his argument into saying that, in general, joint monetary policy yet independent fiscal policies are beneficial. It ju…

It must be understood that Huerta de Soto writes from a theoretical point of view. He imagines an European Central Bank free from political control which refuses to cater to bureaucrats’ and politicians’ whims. While it’s beyond any doubt the ECB has not acted as the old Italian or Spanish central …

It was always inevitable that the Euro would eventually be the most inflated currency. It’s just a matter of time. That is the entire purpose of it to begin with. Does anyone honestly believe that the EU/EEC was created to reduce transaction costs? Oviously not. It was created to eliminate the probl…

Austrian Defense of the Euro

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Smiling_Dave April 5, 2013, 8:18am 3

https://forum.freecapitalists.org/t/interesting-opinion-from-jesus-huerta-de-soto/17032/4

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Austrian Defense of the Euro

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