We are developing the social individualist meta-context for the future. From the very serious to the extremely frivolous... lets see what is on the mind of the Samizdata people.
Samizdata, derived from Samizdat /n. - a system of clandestine publication of banned literature in the USSR [Russ.,= self-publishing house]
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Why Britain should join the euro ‘Why Britain Should Join the Euro’ – a pamphlet by Richard Layard, Willem Buiter, Christopher Huhne, Will Hutton, Peter Kenen and Adair Turner, with a foreword by Paul Volcker.
One of the authors, AdairTurner, now Lord Turner, is interviewed in today’s Observer, which is where I saw the link. He has changed his mind a little since 2002, when the pamphlet was written, but not to an unseemly extent. Now Chairman of the Financial Services Authority, he is concerned about the current situation but remains confident that “sensible decisions are going to be made”.
So there you are then. Cheer up!
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Who Are We? The Samizdata people are a bunch of sinister and heavily armed globalist illuminati who seek to infect the entire world with the values of personal liberty and several property. Amongst our many crimes is a sense of humour and the intermittent use of British spelling.
We are also a varied group made up of social individualists, classical liberals, whigs, libertarians, extropians, futurists, ‘Porcupines’, Karl Popper fetishists, recovering neo-conservatives, crazed Ayn Rand worshipers, over-caffeinated Virginia Postrel devotees, witty Frédéric Bastiat wannabes, cypherpunks, minarchists, kritarchists and wild-eyed anarcho-capitalists from Britain, North America, Australia and Europe.
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Would we have been in a different financial position now had we joined the euro? We (as in the UK) still seemed to have binged on public & private debt arguably more than any of our eurozone neighhours despite independence from a common interest rate policy.
The politial elite (including Mr Cameron) have decided that only “more Europe” (“fiscal union”) will do – although not (perhaps) at once. Failure is to be rewarded by wider power (Atlas Shrugged style).
As for the short term – the only debate is over how to bailout (“recapitalize”) the banks (yet again) not whether to do so.
The elite are true to their education.
They are “good students” – that is how they get their nice jobs.
Looking at the list of names, I am not impressed. Lord Turner a complete disaster at the CBI and has not improved. All worshipers at the EU altar of greenie and the fairies.