- Cafe Hayek - http://cafehayek.com -

Frau Merkel, Tear Down This Wall!

Posted By Don Boudreaux On May 21, 2010 @ 2:15 pm In Current Affairs,Debt and Deficits,Financial Markets,Frenetic Fiddling,Prices,Reality Is Not Optional,Regulation,Seen and Unseen | Comments Disabled

Here’s a letter to the Washington Post:

Blaming “speculators” and “investors’ greed” for the euro’s decline, the German government has imposed new taxes and regulations to severely restrict speculation (“German lawmakers approve euro rescue package [1],” May 21).

Each such restriction is to capital what the Berlin Wall was to people: an obstacle meant only to protect irresponsible and oppressive governments from the consequences of their irresponsibility and oppression.

By forcibly obstructing people’s ability to flee a tyrannical regime, the Berlin Wall averted only a symptom – people flight – of the East German government’s depredations.  Likewise, by forcibly obstructing investors’ abilities to sell assets, Germany’s new capital restrictions avert only a symptom – capital flight – of the current German government’s unwise economic policies.

Sincerely,
Donald J. Boudreaux

Be Sociable, Share!
  • [2]
  • [3]
  • [4]
  • [5]
  • [6]

Comments

comments


Article printed from Cafe Hayek: http://cafehayek.com

URL to article: http://cafehayek.com/2010/05/frau-merkel-tear-down-this-wall.html

URLs in this post:

[1] German lawmakers approve euro rescue package: http://www.washingtonpost.com/wp-dyn/content/article/2010/05/21/AR2010052101249.html?hpid=topnews

[2]

  • : http://twitter.com/intent/tweet?text=Frau%20Merkel%2C%20Tear%20Down%20This%20Wall%21%20-%20http%3A%2F%2Fcafehayek.com%2F2010%2F05%2Ffrau-merkel-tear-down-this-wall.html%20

    [3]

  • : https://mail.google.com/mail/?view=cm&fs=1&to&su=Frau%20Merkel%2C%20Tear%20Down%20This%20Wall%21&body=http%3A%2F%2Fcafehayek.com%2F2010%2F05%2Ffrau-merkel-tear-down-this-wall.html&ui=2&tf=1&shva=1

    [4]

  • : http://www.stumbleupon.com/submit?url=http%3A%2F%2Fcafehayek.com%2F2010%2F05%2Ffrau-merkel-tear-down-this-wall.html&title=Frau%20Merkel%2C%20Tear%20Down%20This%20Wall%21

    [5]

  • : http://www.google.com/reader/link?url=http%3A%2F%2Fcafehayek.com%2F2010%2F05%2Ffrau-merkel-tear-down-this-wall.html&title=Frau%20Merkel%2C%20Tear%20Down%20This%20Wall%21&srcURL=http%3A%2F%2Fcafehayek.com%2F2010%2F05%2Ffrau-merkel-tear-down-this-wall.html&srcTitle=Cafe+Hayek+where+orders+emerge

    [6] Image: http://www.blinklist.com/index.php?Action=Blink/addblink.php&Url=http%3A%2F%2Fcafehayek.com%2F2010%2F05%2Ffrau-merkel-tear-down-this-wall.html&Title=Frau%20Merkel%2C%20Tear%20Down%20This%20Wall%21

    [7]

  • : http://www.myspace.com/Modules/PostTo/Pages/?u=http%3A%2F%2Fcafehayek.com%2F2010%2F05%2Ffrau-merkel-tear-down-this-wall.html&t=Frau%20Merkel%2C%20Tear%20Down%20This%20Wall%21

    [8]

  • : http://reddit.com/submit?url=http%3A%2F%2Fcafehayek.com%2F2010%2F05%2Ffrau-merkel-tear-down-this-wall.html&title=Frau%20Merkel%2C%20Tear%20Down%20This%20Wall%21

    [9]

  • : http://news.ycombinator.com/submitlink?u=http%3A%2F%2Fcafehayek.com%2F2010%2F05%2Ffrau-merkel-tear-down-this-wall.html&t=Frau%20Merkel%2C%20Tear%20Down%20This%20Wall%21

    [10]

  • : http://sphinn.com/index.php?c=post&m=submit&link=http%3A%2F%2Fcafehayek.com%2F2010%2F05%2Ffrau-merkel-tear-down-this-wall.html

    [11] Tweet: https://twitter.com/share

  • Copyright © 2011 CafeHayek.com. All rights reserved.