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View Diary: New: concern trolling the euro (241 comments)

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  •  hypthetical scenario (1+ / 0-)
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    wu ming

    OK, that scenario looks problematic, but how is it different from, say, California having a housing bubble while, say, Idaho doesn't? Wouldn't the argument work against the dollar nearly as well?

    Freedom is not just a word. 'Freedom' is a noun.

    by intruder from Old Europe on Tue Nov 27, 2007 at 05:50:37 PM PST

    [ Parent ]

    •  Big difference (0+ / 0-)

      The dollar is based on the taxpayers of all of America. Not just California.
        The Euro is based on the economies of the euro-zone, but which taxpayers? Spainish citizens pay taxes that go to the Spanish treasury. German citizens pay taxes that go to the German treasury. They may share a currency, but their national budgets are very different.

      The 2nd Red String Conspiracy

      by gjohnsit on Wed Nov 28, 2007 at 01:17:17 PM PST

      [ Parent ]

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