A Lot Of The Evil In The

The Eurozone Status Quo Is Neither Tolerable Nor Stable. Mainstream Economists Would Call It An Inferior Equilibrium; I Call It A Nightmare - One That Is Inflicting Tremendous Pain And Suffering That Could Be Easily Avoided If The Misconceptions And Taboos That Sustain It Were Dispelled.

It Is Better To Have A Cat And Mouse Game Where The Cat Has The Upper Hand Than A Cat And Mouse Game Where The Mice Are Ruling. Because The Latter Means That The Market Participants Are Given Free Range. That Was Actually The Big Misconception Of Our National Hero Ronald Reagan, Who Always Talked About The Magic Of The Market.

Market Prices Are Always Wrong.

It's Not Whether You're Right Or Wrong That's Important, But How Much Money You Make When You're Right And How Much You Lose When You're Wrong

A Full And Fair Discussion Is Essential To Democracy.