european union

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Deep flaw in EU architecture can erase pro-market reforms

The European Union enjoyed its pinnacle of influence after the Soviet Union collapsed.


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The EU has seen growth of bureaucratic and administrative apparatus and a regulatory environment not always economic-growth enhancing.


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It is often the role of the economist to point at the impending doom with which reality confronts our fondest wishes. For that reason Thomas Carlisle referred to economics as the dismal science. It is made the more dismal for the economist when the fondest wishes are held and extolled by ones friends and those whom one admires.