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Silicon Valley has infinite access to capital and can lose money indefinitely.

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John Landgraf

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If European monetary policy is run according to German interests, huge structural imbalances will accumulate. The Germans will then either have to pay to correct those imbalances or agree that the euro should not be run primarily according to German interests. If they are unwilling to do either of those things, the euro can’t survive.

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I read every draft of every episode of every series produced at FX.

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May 3, 2024

I read every draft of every episode of every series produced at FX.

Previous

May 3, 2024

If European monetary policy is run according to German interests, huge structural imbalances will accumulate. The Germans will then either have to pay to correct those imbalances or agree that the euro should not be run primarily according to German interests. If they are unwilling to do either of those things, the euro can’t survive.

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