Here’s something I didn’t know about the father of currency zones, Robert Mundell:
“It puts monetary policy out of the reach of politicians,” he said. “[And] without fiscal policy, the only way nations can keep jobs is by the competitive reduction of rules on business.”
It’s never enough for some people.
A currency zone – which could be a huge boon for certain areas of the world like Europe – is instead viewed as a way to impose a dictatorship of deregulation.