Do we want free movement of capital in Europe? | 64 comments (64 topical, editorial, 0 hidden)

Re: Do we want free movement of capital in Europe? (none / 0)

I can certainly understand the lure of making a tactical alliance with RW loons in order to force a change in the Euro. But for it to be worth it it has to succeed, and that seems unlikely. Then there must be a careful evaluation of the consequences. If it results in a voting majority for RW loons then any fix will be fatally compromised, making the whole situation possibly worse. There are real dangers in a 'the worse, the better' philosophy. But the European status quo regarding the Euro seems little better than a crypto-fascist cabal as it is.

"It is not necessary to have hope in order to persevere."

by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Sat Jul 26th, 2014 at 12:02:05 PM EST
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Strange bedfellows (4.00 / 2)

Just recently, someone posted approvingly about UKIP MEP Godfrey Bloom on one of the Podemos Facebook pages, because he told the rest of the MEPs "it won't be long before they storm this chamber and they hang you, and they'll be right". Prefaced by quoting "the great American philosopher Murray Rothbard"...

Recently melo quoted Grillo rhetoric about "opening the parliament like a can".

It so happens that Godfrey Bloom was expelled from the parliament for shouting "Ein Volk, Ein Reich, Ein Führer":

It so happens that Bloom said that in response to Schulz' suggestion that if the UK did not want a financial transaction tax for the EU, then the Eurozone alone could institute such a tax.

Presumably the Podemos supporters agree with the financial transaction tax... And don't get me started about the philosophy of Murray Rothbard.

A society committed to the notion that government is always bad will have bad government. And it doesn't have to be that way. — Paul Krugman

by Carrie (migeru at eurotrib dot com) on Sat Jul 26th, 2014 at 12:15:55 PM EST
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Re: Strange bedfellows (none / 0)

Somehow I dropped the third video in my post:

A society committed to the notion that government is always bad will have bad government. And it doesn't have to be that way. — Paul Krugman

by Carrie (migeru at eurotrib dot com) on Sat Jul 26th, 2014 at 12:29:23 PM EST
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Re: Strange bedfellows (none / 0)

From wiki:

Rothbard rejected the application of the scientific method to economics, and dismissed econometrics, empirical and statistical analysis, and other tools of mainstream social science as useless for the study of economics.[47] He instead embraced praxeology, the strictly a priori methodology of Ludwig von Mises. Praxeology conceives of economic laws as akin to geometric or mathematical axioms: fixed, unchanging, objective, and discernible through logical reasoning, without the use of any evidence.

Well, in his defense I can say that, at the least, he doesn't bother to pretend to be scientific.

"It is not necessary to have hope in order to persevere."

by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Sat Jul 26th, 2014 at 10:20:00 PM EST
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Re: Strange bedfellows (none / 0)

And now I know from whence the loons at the Von Mises Institute came.

"It is not necessary to have hope in order to persevere."

by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Sat Jul 26th, 2014 at 10:21:43 PM EST
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Re: Strange bedfellows (none / 0)

Just a pair of topical (fair and balanced?) links:

Zero Hedge: Economic Laws Are Not Optional

Salon.com: Why law schools love affair with economics needs to stop

by das monde on Sat Jul 26th, 2014 at 11:21:16 PM EST
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Do we want free movement of capital in Europe? | 64 comments (64 topical, 0 editorial, 0 hidden)