Wednesday, June 15, 2016

Costs..............................


     Policies dictated by Brussels and Frankfurt, and supported by policy-makers in Washington, have imposed enormous costs on citizens throughout Europe.  The inability of governments to prevent high unemployment and avoid reductions in living standards has led to disillusionment.  It was predictable that many voters would seek salvation in parties outside the mainstream.

-Mervyn King,  The End of Alchemy:  Money, Banking, and the Future of the Global Economy

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