tag:blogger.com,1999:blog-11110174.post1769016722454876049..comments2024-02-26T23:17:11.132+13:00Comments on Blessed Economist: Curse of Debt (5) - Political UnionRon McKhttp://www.blogger.com/profile/03989126812730583009noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-11110174.post-62904798684759559662011-11-22T20:21:28.602+13:002011-11-22T20:21:28.602+13:00The downside is that all inter-regional adjustment...The downside is that all inter-regional adjustments have to be made through price and wage adjustment, rather than through exchange rate adjustments.Ron McKhttps://www.blogger.com/profile/03989126812730583009noreply@blogger.comtag:blogger.com,1999:blog-11110174.post-56713057315355070092011-11-22T05:26:26.689+13:002011-11-22T05:26:26.689+13:00Sometimes the right answer -- keep the Euro, but j...Sometimes the right answer -- keep the Euro, but just price the various sovereign bonds properly -- is right before my nose.<br /><br />Makes sense. Thank you!Anonymousnoreply@blogger.com