Thread: A famous speech by Murray N. Rothbard on the collapse of Communism

So just 9 years after he said that the Treaty of Amsterdam resulted in the formation of the ECB. How does it look today though? Well we all know about the PIIGS, but what else do we know?

A failed German bond auction provided the clearest sign yet that even the strongest eurozone country is at growing risk of crisis contagion.

The German government was unable to sell about 35pc of the €6bn (£5bn) 10-year bonds it offered to the market, getting just €3.9bn of debt away. The setback came as Fitch Ratings issued a warning that France’s AAA credit rating would be at risk should the crisis result in a sharper downturn in the country than currently envisaged.

German bond auction 'disaster' rocks markets - Telegraph

Oh dear!

This will enrage many readers — especially the "Austrian" internet vigilantes — but I have to say it.

You are all wrong, printing money can halt Europe's crisis – Telegraph Blogs

These Austrian ideas are appearing to have become something of a hit with Telegraph readers! It’s the new punk rock of economics.

Check this: -