Krugman: 'We're Rapidly Approaching A Moment Of Truth' - NYT

[nichomachus]

38. I love it -- anything someone doesn't like to hear is a "Conspiracy Theory"

But there is evidence.

http://www.gregpalast.com/the-euro-is-a-big-success-no-kidding/

But Mundell, a can-do Canadian-American, intended to do something about it: come up with a weapon that would blow away government rules and labor regulations. (He really hated the union plumbers who charged a bundle to move his throne.)
"It's very hard to fire workers in Europe," he complained. His answer: the euro.

The euro would really do its work when crises hit, Mundell explained. Removing a government's control over currency would prevent nasty little elected officials from using Keynesian monetary and fiscal juice to pull a nation out of recession.

"It puts monetary policy out of the reach of politicians," he said. "[And] without fiscal policy, the only way nations can keep jobs is by the competitive reduction of rules on business.

And pardon me if I put more stock in Greg Palast than in you