Randy Wray on WHY THE EMU IS DESIGNED TO FAIL

Randy’s presentation for FUHEM in Madrid, Spain coinciding with the release of the spanish version of his Modern Money Primer. The introductions are in spanish and Randy speaks in english beginning at about 10:00 with a panel member translating to spanish. He presents  Modern Money Theory and then what is wrong with the Euro/EMU. 

Besonders interessant ab 1:05 - DE und NL haben ein Surplus, alle anderen ein Defizit.

via NEP