Abstract
The euro is surely the most ambitious official experiment with money ever made. It is typical of our age—at least, of the age in which it was born—in showing the limitless confidence political leaders can have in imaginary money. They promised to realise a particular monetary dream and implicitly assumed that it would lead to the construction of the necessary political and institutional framework to make it work. There is no better illustration of the power of money, ‘our money’, indeed, of a specific idea of money to make history.
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Notes
- 1.
Of 28 economists surveyed by the magazine International Economy in 2016, only 7 unambiguously favoured devaluation as a policy tool (Is Devaluation Overrated? International Economy 2016).
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Pringle, R. (2019). The Euro: The Biggest Money Project. In: The Power of Money. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-030-25894-8_15
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DOI: https://doi.org/10.1007/978-3-030-25894-8_15
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