From The Guardian
''The idea that the euro
has "failed" is dangerously naive. The euro is doing exactly what its
progenitor – and the wealthy 1%-ers who adopted it – predicted and
planned for it to do.
That progenitor is former University of Chicago economist Robert Mundell.
The architect of "supply-side economics" is now a professor at Columbia
University, but I knew him through his connection to my Chicago
professor, Milton Friedman, back before Mundell's research on currencies
and exchange rates had produced the blueprint for European monetary
union and a common European currency.''
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