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Austan Goolsbee: A Fiscal Union Won't Fix the Euro Crisis
The only practical choices are more geographic mobility, inflation, or subsidies.
Recently Kurt Bills, a candidate for the U.S. Senate and a devotee of Ron Paul, introduced a bill to consider an alternative currency for Minnesota and its citizens. When I heard this idea I thought what every mainstream economist probably thought: Wow is that nuts.
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Posted: May 29, 2012 Tuesday 07:18 PM