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Huerta de Soto 9: The euro as a gold standard

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Uploaded by on Apr 16, 2011

Watch the whole 1 hour and 6 minute presentation at http://www.goldmoney.com/huerta-de-soto-presentation. In this ninth video, Jesús Huerta de Soto, Professor of Political Economy at Rey Juan Carlos University, Madrid, (http://www.urjc.es/) criticises those who argue that currency devaluation is a cure for the recession, and argues that his native Spain is far better off with the euro than the peseta. Huerta de Soto argues that the euro is forcing politicians and the public to make honest choices about spending and is acting, beneficially, as a kind-of gold standard.

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  • I don't know whether Euro is such a win for them, even this guy himself admits that the European central bank was responsible for the exceptionally big bubble in Spain and other countries. Some people might come to their senses about the monetary system after that, but most sill won't.

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