• N. Gregory Mankiw


They Told You So: Economists Were Right to Doubt the Euro. N. Gregory Mankiw, July 17, 2015, Opinion. "The continuing saga of Greece and its creditors is more tragic than comic. But watching it, I am reminded of that old line about the recurring travails of Laurel and Hardy: “Well, here’s another nice mess you’ve gotten me into!” For the problems facing Europe today are not sui generis. They are merely the latest installment of a story that has been unfolding for many decades. Let’s begin by flashing back to the middle of the 1990s. If you travel around Europe, you find each nation with its own currency — francs in France, marks in Germany..." Link