GoodFellows: Conversations from the Hoover Institution Peace Through Strength: The Good Fellows on Harvard, Europe, Warfare & Niall Gets Busted
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May 8, 2025 Dive into a lively debate as Harvard clashes with the Trump administration over civil rights and tax statuses. Explore Europe's challenges on the 80th VE Day anniversary, while the future of warfare grapples with emerging technologies. The conversation veers into the significance of a potential military parade celebrating the U.S. Army's 250th anniversary. Finally, indulge in heartwarming tributes to mothers, sharing personal stories that honor the profound influence of family legacies and generational bonds.
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Eurozone's Surprising Resilience
- The euro has survived multiple crises, disproving initial claims it was doomed.
- Despite challenges, it remains a significant global currency competing with the dollar.
Monetary Union Without Fiscal Unity
- The eurozone lacks fiscal union despite monetary unity, causing ongoing instability.
- Governments may borrow recklessly expecting ECB bailouts, creating moral hazard failures.
Europe's Defense and Politics Mix
- Europe's welfare state consumes vast GDP portion, leaving defense spending as minor.
- Political exclusion of right-wing parties risks backfiring and causing instability.
