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A more serious problem is, who are you going to make Central Banker of the new "proper confederal central bank"? As far as I can tell all well-connected economists are insane.

Plus, which right-wing national governments (and there aren't going to be any other kinds of EU national governments within 12 months)  are going to agree to exit the Maastricht straitjacket?

Economics is politics by other means

by Migeru (migeru at eurotrib dot com) on Tue Aug 2nd, 2011 at 05:11:14 PM EST
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Yes, well-connected economists must be institutionally ruled out of heading the central bank.

It'll take some time to sort out the details, so get it ready to be launched when the right wing governments get tossed for not making the depression go away.

I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.

by BruceMcF (agila61 at netscape dot net) on Tue Aug 2nd, 2011 at 07:34:01 PM EST
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