Europe’s problems will not be solved by a Greek exit, and a breakup of the euro certainly won’t fix things as long as the Europeans remain in the thrall of many economic fallacies that have long driven the debate over the euro.
Physical cash has long been problematic for governments because it allows people to avoid the banking system, which in turn can lead to tax avoidance and bank runs. It’s much easier to control an economy when all money must remain in banks.
Recorded at the Mises Institute in Auburn, Alabama, on 24 July 2015.
Recorded at the Mises Institute in Auburn, Alabama, on 23 July 2015.
Recorded at the Mises Institute in Auburn, Alabama, on 21 July 2015.
