With regard to these comments…

It seems to me that the issue with the European Central Bank (ECB) and the individual European countries has a lot in common with our own history here in the US, starting with the highly enlightening debate between Jefferson and Adams concerning states and Federalism. Throughout much of our history this debate has been raging including the present day discussion that the Republican Party wants to have concerning state and federal government and fiscal and monetary policy. It may be informative to think of the European issues in terms of the Fed versus the states. Is it somewhat of a contradiction for Republicans to insist that certain European countries submit to their Fed’s (the ECB) monetary policy on one hand and on the other hand advocate getting rid of our own ECB (the Federal Reserve). From my perspective, these issues form a universal archetype of sorts that has plagued human history ever since there has been any such thing as politics.