Quote:
Originally Posted by Little.Egret
Note that only some of the EU is in the Eurozone. Not UK, Denmark, Sweden and the newbies.
One of the few useful features of the Euro is that it caused the goldbugs (gold standard revivalists) to go very quiet.
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Thanks for the clarification/additional information.
I wasn't aware that some of the nations didn't participate in the EuroZone (if I am not mistaken, countries in the EuroZone are the ones in the EU which freely trade among each other--there are no tariffs, import fees (maybe), that kind of thing). I might have suspected the U.K. would be one not to participate in such a thing, though. It seems like the U.K.'s commitment to the EU and the whole concept of a European union (lower case intentional) was always weak and tenuous.
I don't know enough about such things to have an opinion on the gold standard thing. I had a year of economics in college, but the topic was very lightly covered, and what I had learned about it and any opinions that I may have formed then about the matter are long gone. I hope that leaders here and there (the U.S.) do the right or best thing on that matter.
To get back on topic, I hope that the last few posts might spur the interest of some people in the book that you posted.