The Irish Times reported from the Smart Taxes/Tasc conference on Monday, leading with Stephanie Kelton’s call for Ireland to leave the Euro-zone. It would be good for the ideas of Stephanie and her colleagues to get the in-depth coverage they deserve, and we hope to get this soon.
Speaking at a conference organised by left-leaning think tanks, Tasc and Smart Taxes, Stephanie Kelton, from University of Missouri-Kansas City, said Ireland had erred in giving up its currency in the late 1990s.
She went on to critique the bases upon which the entire euro edifice was founded, saying that its designers underestimated the risks of banking crises and overestimated the feasibility of its rule not to bail out countries with budgetary problems.
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