Lecture on why currency unions require a country to back them

On November 13th at 4 pm I will be giving a public lecture on why the Euro needs a political union, and the EU plans to do this, in the Old Library of All Souls College High Street Oxford.

This is an advance notice for those interested.

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12 Comments

  1. Mark B
    Posted September 12, 2015 at 8:08 pm | Permalink

    Will this be recorded ?

    Reply I will write it up

  2. Richard1
    Posted September 12, 2015 at 8:40 pm | Permalink

    At very low cost perhaps you could have it videoed and put on a link to the website so those of us unable to attend can listen afterwards?

    Reply Either that or I will put up the slides I will be using.

    • Richard1
      Posted September 13, 2015 at 9:05 pm | Permalink

      Great thanks. Video best!

  3. margaret
    Posted September 12, 2015 at 9:00 pm | Permalink

    I know many feel this , but I wonder, with humility will this take the interest towards union with the EU here?

  4. petermartin2001
    Posted September 12, 2015 at 10:01 pm | Permalink

    Another way of putting it would be that the various countries in the currency union have to behave as if they were a single country. They need to have a common taxation system of sufficient size, and common taxation laws etc, to ensure the redistribution of accumulated surpluses.

    You might want to address the question of why mainstream economists, ie so-called orthodox economists, don’t see it this way. If they did they would have foreseen the problems that have occurred and would have warned against the euro project. They were foreseen, but by heterodox economists (again so-called). As early as 1992 Prof Wynne Godley prophesied disaster in his essay “Maastricht and all that”.

    This further raises the question of whether these so-called terms are correct (I’d say they should be reversed) and whether politicians are taking advice from the right quarters on economic issues.

    • Lifelogic
      Posted September 13, 2015 at 10:10 am | Permalink

      Indeed a sort of group think insanity tends to take over these groups or academics, bureaucrats and politicians. They are largely all feeding of the state breast, in some way or other, and most know very well how best to milk it.

      We saw it with the ERM disaster, the global warming exaggeration, CAP, the immorality of the german government now encouraging far more economic migrants to risk their lives, the idea that endless red tape and over regulation helps anyone, the free at the point of non treatment and rationing NHS, the EURO, the EU, and the belief that it is part of government’s role it to enforce “equality”.

      • Lifelogic
        Posted September 13, 2015 at 10:10 am | Permalink

        All usually egged on by the BBC and all its dim arts grads and lovies.

    • Denis Cooper
      Posted September 14, 2015 at 7:25 am | Permalink

      Well, years ago Daniel Hannan pointed out that signs at the EU Commission said “Europe – Your country”, so that problem will be sorted.

  5. ChrisS
    Posted September 13, 2015 at 6:22 pm | Permalink

    Very interesting. How can I get a ticket ?

    Reply Its open to the public, no ticket needed.

    • ChrisS
      Posted September 14, 2015 at 8:09 pm | Permalink

      Thanks, I will come, then.

      If anyone else here intends to go along it might be nice to meet up. Perhaps our host would help by passing on email addresses ?

  6. Colin Pritchard
    Posted September 13, 2015 at 7:47 pm | Permalink

    How does one get hold of tickets please?

  7. Martin
    Posted September 16, 2015 at 12:00 pm | Permalink

    Given your thoughts on the Euro why does this not apply to the Pound? Will all the parts of the Sterling area (Gibraltar, Falklands, Isle of Man and Channel Islands) not under Treasury control be integrated into the UK?

  • About John Redwood


    John Redwood won a free place at Kent College, Canterbury, and graduated from Magdalen College Oxford. He is a Distinguished fellow of All Souls, Oxford. A businessman by background, he has set up an investment management business, was both executive and non executive chairman of a quoted industrial PLC, and chaired a manufacturing company with factories in Birmingham, Chicago, India and China. He is the MP for Wokingham, first elected in 1987.

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