The EU Has Failed Politically and Economically
[This article is adapted from a July 17 Mises Weekends interview, available here in Mp3 format.] Jeff Deist: You have studied at length, conceptually, central banks around the world. Before we get into that further, I’d like to ask you as a German especially, what your opinion is of the ongoing crisis in Greece. Karl-Friedrich Israel: One of the leading German economists has recently compared the Greece situation to the so-called Dutch disease. Back in 1960 when the Netherlands discovered huge supplies of natural gas, they could exploit those resources and live off exploiting those resources and they became fairly wealthy … Continue reading →