Comments on: The Perrenial Euro Story (or lack of it) http://fistfulofeuros.net/afoe/economics-and-demography/the-perrenial-euro-story-or-lack-of-it/ European Opinion Thu, 04 Dec 2008 02:13:26 +0000 http://wordpress.org/?v=2.6.3 By: Edward http://fistfulofeuros.net/afoe/economics-and-demography/the-perrenial-euro-story-or-lack-of-it/#comment-12734 Edward Thu, 12 Jan 2006 14:40:21 +0000 http://fistfulofeuros.net/wordpress/?p=2280#comment-12734 "I am continually amazed.." Actually, wasn't it Aristotle himself who suggested that it was our sense of wonder (that things should be rather than not be, etc etc) which set us off on the highroad to philosophy. Obviously with this feeling of amazement you are already off to a good start :). “I am continually amazed..”

Actually, wasn’t it Aristotle himself who suggested that it was our sense of wonder (that things should be rather than not be, etc etc) which set us off on the highroad to philosophy. Obviously with this feeling of amazement you are already off to a good start :).

]]> By: Edward http://fistfulofeuros.net/afoe/economics-and-demography/the-perrenial-euro-story-or-lack-of-it/#comment-12733 Edward Thu, 12 Jan 2006 14:29:59 +0000 http://fistfulofeuros.net/wordpress/?p=2280#comment-12733 "but not the problems inside the US-China-Saudi-Arabia-Russia-India (ok, maybe not india)" Good, I'm glad India came off the list, because while it is clear India has plenty of internal problems, globally I don't see the big issues being too linked to India at present. On the others you mention, it's not I don't see problems (eg Russia, just look at any of my posts here, Russia is definitely IMHO THE major security issue facing the EU), my problem is that I see the phenomena, but I don't see the mechanism, at least not beyond what I have already said. "And one of the insights of game theory is that just because it is in everyone's interest to cooperate to avoid the worst outcome, that doesn't mean it will happen" Of course, I couldn't agree more. No issue here. "I enjoy our debates; hope you do to." Yes of course. I think one of the interesting things about where we are at is that many people have part of the key to the problem, but only part. If we put all the parts together, we may get a more complete picture, that I think is what networking is about, and blogging is a form of networking. Collective brainpower is a geometric and not an arithmetic multiple of the size of the individual brains :). “but not the problems inside the US-China-Saudi-Arabia-Russia-India (ok, maybe not india)”

Good, I’m glad India came off the list, because while it is clear India has plenty of internal problems, globally I don’t see the big issues being too linked to India at present. On the others you mention, it’s not I don’t see problems (eg Russia, just look at any of my posts here, Russia is definitely IMHO THE major security issue facing the EU), my problem is that I see the phenomena, but I don’t see the mechanism, at least not beyond what I have already said.

“And one of the insights of game theory is that just because it is in everyone’s interest to cooperate to avoid the worst outcome, that doesn’t mean it will happen”

Of course, I couldn’t agree more. No issue here.

“I enjoy our debates; hope you do to.”

Yes of course. I think one of the interesting things about where we are at is that many people have part of the key to the problem, but only part. If we put all the parts together, we may get a more complete picture, that I think is what networking is about, and blogging is a form of networking. Collective brainpower is a geometric and not an arithmetic multiple of the size of the individual brains :).

]]> By: brad setser http://fistfulofeuros.net/afoe/economics-and-demography/the-perrenial-euro-story-or-lack-of-it/#comment-12732 brad setser Thu, 12 Jan 2006 05:51:51 +0000 http://fistfulofeuros.net/wordpress/?p=2280#comment-12732 Edward -- I am continually amazed how you can see the tensions within the eurozone so clearly (spain's current account deficit and the problem of adjsutment, italy looking ahead), but not the problems inside the US-China-Saudi-Arabia-Russia-India (ok, maybe not india) de facto dollar union, which has far less institutional support ... there are solutions to growing (in my view) tensions inside the dollar zone that don't hinge on the attractiveness of the euro. emerging markets could stop financing both the US and europe, for one. And one of the insights of game theory is that just because it is in everyone's interest to cooperate to avoid the worst outcome, that doesn't mean it will happen -- tho so far BW 1.0 and 2.0 and 2.1 (with oil exporters) have been more stable than i would have expected, nothing guarantees that will continue. I enjoy our debates; hope you do to. Edward — I am continually amazed how you can see the tensions within the eurozone so clearly (spain’s current account deficit and the problem of adjsutment, italy looking ahead), but not the problems inside the US-China-Saudi-Arabia-Russia-India (ok, maybe not india) de facto dollar union, which has far less institutional support … there are solutions to growing (in my view) tensions inside the dollar zone that don’t hinge on the attractiveness of the euro. emerging markets could stop financing both the US and europe, for one. And one of the insights of game theory is that just because it is in everyone’s interest to cooperate to avoid the worst outcome, that doesn’t mean it will happen — tho so far BW 1.0 and 2.0 and 2.1 (with oil exporters) have been more stable than i would have expected, nothing guarantees that will continue.

I enjoy our debates; hope you do to.

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