3 ms·
I would like to take you on that bet. I also wonder if you have ever been to anywhere in Europe.
by askmike 10y ago
I would like to take you on that bet. I also wonder if you have ever been to anywhere in Europe.
- PaulHoule 10y agoI lived in Germany for a year and have spent time in the UK, Netherlands, Austria, Czech Republic, etc. Yes, Europe has architecture where the U.S. has decorated sheds. But the social fault lines in Europe aren't that different from the social fault lines in the states. From day one the pundits have been concerned that effects related to https://en.wikipedia.org/wiki/Impossible_trinity https://en.wikipedia.org/wiki/Impossible_trinity would blow up the euro -- i.e. Germany and Italy might have reasons to have different monetary policies. Many economists think the situation is truely intractable (they'd like it if the "Impossible Trinity" was a solid concept) but it certainly is intractable if you don't face the social fault lines head on.