Monday, May 16, 2016

I Was Right

Sixteen years ago when the EU was being put together, Europe was made up of a bunch of economically protected, socialist little dutchys. They figured out that combining themselves into one big economically protected socialist duchy would be better somehow and did so with no monetary controls to speak of.

I thought this sounded like a recipe for disaster delayed, and sure enough, here it is. No currency discipline, no border controls, and endless regulations that protect incumbents and stifle innovation.
 This video runs 71 minutes so don't watch if you can't spare the time, but it covers everything I thought wouldn't work. I found it to be well worth the time.

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