Mises Wire

Swedish Sense

Swedish Sense

Who would have thought that Sweden might turn out to be the harbinger of a successful anti-euro movement? Writes Jean-Christophe Mounicq on today’s Tech Central Station, “[b]y saying ‘No’ to the euro, whether for good or bad reasons, the Swedes have done a great favor for themselves and other Europeans. As Professor Jean-Jacques Rosa demonstrated in his book The European Error, the euro is economic nonsense whose main purpose is to give more power to the unaccountable top European bureaucrats. The euro is antithetical to economic efficiency, democracy and freedom.

“A single currency for all European countries inevitably leads to a single European ‘super-state’ -- the supreme goal of the eurocrats. But the construction of one single continental state runs contrary to the flow of contemporary economics. For one quarter of a century, all big organizations, public or private, have fragmented and found efficiency in smaller scale.

“Artificial socialist states like the USSR, Yugoslavia or Czechoslovakia have disintegrated. Why should we repeat the same error by trying to build a super-state with super-technocrats, super-social spending, not to mention super-taxes? The good Europe, the Europe of the Rome Treaty, the Europe of competition between companies and between states, already exists. Suppressing competition between states and currencies equates with bad Europe, the Europe of the Maastricht and Amsterdam Treaties.” [...]

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