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Problems with the Euro
You’re on Eurown
In the last year, the euro has decisively outperformed the dollar and the pound. Some commentators have argued that this means that the euro is the currency of the future, and that the dollar has been relegated to second place. However, there are problems about this argument.
The United States is incomparably the stronger defence power; indeed the U.S. is now the only defence superpower in the world. As Britain found at the height of imperial power, it is not always easy to convert defence capacity into financial strength. Nevertheless, it was the sails of the British navy that…
25Jul2008 | Whiskey and Gunpowder | Comments Off | Continued
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