Joseph H Sadove
1 min readApr 7, 2020

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Will that make it easier for countries like Germany to come back when this is over?
The answer is yes. Its citizens and their well-being and security are the objective of their policies and the corporate and political governance practiced.

It looks like your commentary brought out the full spectrum. Some actually informed and empirical folks and then a lot of the usual politico-economic kooks.

The Ruble?? Really? And then the “fiat” versus fill-in-the-blank sorts.

Sigh.

The Euro project is ongoing. However, those who shoot at it have to turn the gun on the USA for the same reasons now, since our current government is turning away from transparency and fairness and starting to serve only its venal growing oligarchy and a turn towards a Russian/Hungarian-like model of governance.

The Euro includes a lot of governments that have no history as western liberal democracies that value political and economic transparency and empirical decision-making. Yes, Germany alone would be crushing the dollar and every other currency with the old Deutsche Mark, since it is probably the most uncorrupt, transparent and well-run economy on earth. But, because of history and good leadership they are sacrificing a lot to try to spread the same policies and principles to the former Russian/communist puppet states. This should be called out and cheered.

Virtue is not measured by a currency or the silly abstraction of “store of value”, but it is certainly defined by having a practice and tradition of good governance.

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