Richard Rahn offers helpful advice to the EU comparing their situation to that facing America in the dark days before the constitution. Rahn makes a brief mention that the US Government has exceeded the boundaries of the constitution, but never considers if perhaps the US failure to keep the central government in check should serve a as a cautionary tale, rather than a modal, for Europe. Rahn also praises the Euro for providing a stable currency and reducing transaction costs of trade between countries; of course, a free-market in currency would also accomplish these goals. If a single currency issued … Continue reading Libertarian centralizers and the EU