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Common currency without a common monetary policy, who would have thunk that this was a bad idea?
by adamnemecek 8y ago
Common currency without a common monetary policy, who would have thunk that this was a bad idea?
- gricardo99 8y agouh, the ECB sets the eurozone monetary policy[1] 1 - https://en.wikipedia.org/wiki/European_Central_Bank https://en.wikipedia.org/wiki/European_Central_Bank
- isostatic 8y agoThere's a lot of FUD about the EU, especially in America
- NicoJuicy 8y agoDon't get me started about the American companies that rate other countries.
- rconti 8y agoI'm guessing parent meant fiscal policy.
- adamnemecek 8y agoi did sorry.
- draw_down 8y agoIf a recession means that a particular economic setup is a bad idea, would love to know what a good idea looks like
- nickik 8y agoI think you mean 'Common currency without a common fiscal policy, who would have thunk that this was a bad idea?'. If there is one money then by definition there can only be one monetary policy. The issue is precisely that under different fiscal rules monetary policy effects different places in different ways.