Trade Is Now War, Kotok Says
Bloomberg Surveillance
00:00
The Discipline of Fixed Currency in Europe
"The reason Europe's not working isn't the fixed currencies," he says. "It's all the things to support fixed currencies that have not been implemented" The Europeans are making big strides on banking union and deposit insurance across borders, but they still have a way to go with fiscal responsibilities,. U.S. is able to have Massachusetts and New York and Arkansas and the West Virginia all in same nation without having to worry about capital flows or currency adjustment.
Play episode from 19:24
Transcript
