Sunday, September 9, 2012

(#206) The Euro in One Lesson

A short, concise explanation of the tragedy of the Euro

As posted on the Tom Woods You Tube Channel on 8/27/12

 


Tom Woods explains, with reference to the work of Philipp Bagus, why the Euro crisis was predictable, and in fact the logical outcome of the incentives built into the system.

Thomas E. Woods, Jr., is an American historian, economist, political analyst, and New York Times-bestselling author.  He has written extensively on the subjects of American history, contemporary politics, and economic theory. He is the founder of Liberty Classroom, which provides online courses on history and economics.

 

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