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Thomas Piketty — The Transferunion fantasy

Summary:
On Macron's proposals for EU reform. It is almost as if the revolutionaries in 1789, instead of setting up a National Assembly enabling all privileges to be abolished immediately and a new fiscal system to be set up, had only announced that it would be a good idea to pause to reflect on the setting up of a commission to consider a long-term plan to save the Ancien Régime. It is the difference between doing something and empty rhetoric. Thomas Piketty's Blog at Le MondeThe Transferunion fantasyThomas Piketty | Professor at EHESS and at the Paris School of Economics

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On Macron's proposals for EU reform.
It is almost as if the revolutionaries in 1789, instead of setting up a National Assembly enabling all privileges to be abolished immediately and a new fiscal system to be set up, had only announced that it would be a good idea to pause to reflect on the setting up of a commission to consider a long-term plan to save the Ancien Régime. It is the difference between doing something and empty rhetoric.
Thomas Piketty's Blog at Le Monde
The Transferunion fantasy
Thomas Piketty | Professor at EHESS and at the Paris School of Economics
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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