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I may be mistaken but it looks like you haven’t read the book but you’re confident in assuming I’ve somehow misunderstood it! Here’s the relevant quote in full
by christudor 7y ago
I may be mistaken but it looks like you haven’t read the book but you’re confident in assuming I’ve somehow misunderstood it!
Here’s the relevant quote in full:
“British economist Nicholas Kaldor had warned as early as March 1971 that the fiscal governance system would deepen political divisions. In November 1997, Milton Friedman predicted that the euro’s flawed economics would “exacerbate political tensions by converting divergent shocks ... into divisive political issues.” The Europeans had it backward, Friedman concluded: “Political unity can pave the way for monetary unity. Monetary union imposed under unfavourable circumstances will prove a barrier to the achievement of political unity.””
- NotPaidToPost 7y agoI'm stating facts. You're trying to find more and more random quotes in an attempt to prove your point... But you haven't found one yet. Last time: The monetary union has led to closer political union and that can only continue. Downvoting all of someone else's comments in a thread is immature and certainly rather poor when you're claiming to be running an educational website...
- christudor 7y agoFair enough, let's leave it there. p.s. I don't actually have the ability to downvote comments, so that'll be someone else who's doing that.
- tomhoward 7y agoIt's not possible to downvote replies to your own comments, so you shouldn't accuse people of doing that.