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There is still hope for Europe as my “Euro Treasury Plan” is gaining some traction.
It has inspired the European Trade Union Confederation (see ETUC Position Paper: A European Treasury for Public Investment), featured in discussions at the European Commission (see “Strengthening the Institutional Architecture of the Economic and Monetary Union“), and was also appreciated by the S&D Group (the Progressive Alliance of Socialists and Democrats) in the European Parliament. See also World Economic Forum and France’s Le Monde.
“The ideas of economists and political philosophers, both when they are right and when they are wrong, are more powerful than is commonly understood. Indeed the world is ruled by little else. Practical men, who believe themselves to be quite exempt from any intellectual influence, are usually the slaves of some defunct economist. Madmen in authority, who hear voices in the air, are distilling their frenzy from some academic scribbler of a few years back. I am sure that the power of vested interests is vastly exaggerated compared with the gradual encroachment of ideas.”
(John Maynard Keynes 1936)
For more information on “Euroland and the World Economy” see the publisher’s website.