The current and the greater onrushing disaster that is macroeconomic policy in the eurozone is, in my opinion, the result of two things: Setting up a Single currency in the region much broader than any optimum currency area. Abysmal macroeconomic management by would-be economic hegemons that do not understand that system management needs to keep … Continue reading In Which Ben Bernanke Asks and Answers a Rhetorical Question About the Eurozone