My view is not only did we deliver them up to the seeds of this disaster with industrial globalization, and also financial globalization, with a debt debacle they bought into to boot,
but we also set them up with federalization, the EU,
which will make it almost impossible to get out of it,
as our do-nothing system has shown for so long (centuries now) for us, in similar circumstances, with rare exceptions.
At least we have a bad, and now faux, reserve currency,
rather than a common one.
His solution, more bailing out a flawed political integration system,
rather than acknowledge that an uncoupled system would work better than a globalized one.
he mentions fiscalization, as if there were a better alternative.
What would it be?
My answer would have been redevelopmental reindustrialization.
His would be limited, I suppose, to Keynes.
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