Monday, 20 August 2012

Murray Rothbard on the European Union

Note what he said about the ECB: much worse to have one central bank which is an inflationary cartel than to have many central banks in Europe (i.e. the individual country central banks). One should remember that when hearing the EU bureaucrats talking about a potential fiscal union. Also listen to his comment about building a giant bureaucracy in Brussels, which he was completely correct about - see for example here.

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