'..the euro (at least provisionally, and until it is replaced once and for all by the gold standard) deserves to survive.'<blockquote>'If academics and political authorities from both the affected countries and the ECB, instead of using macroeconomic and monetarist analytical tools imported from the Anglo-Saxon world, had used those of the Austrian business-cycle theory<font size="-1"><a href="[
mises.org];[37]</a></font>— which after all is a product of the most genuine continental economic thought — they would have managed to detect in time the largely artificial nature of the prosperity of those years, the unsustainability of many of the investments (especially with respect to real estate development) that were being launched due to the great easing of credit, and in short, that the surprising influx of rising public revenue would be of very short duration.
..
..Mises and Hayek deserve to finally triumph, and the euro (at least provisionally, and until it is replaced once and for all by the gold standard) deserves to survive.<font size="-1"><a href="[
mises.org];[46]</font></a>'
- Jesús Huerta de Soto,
An Austrian Defense of the Euro, June 22, 2012</blockquote>
Context<blockquote>
'..real people who use their minds to make exchanges in the real world..''..the current monetary system, based on credit expansion .. “manic-depressive” behavior..''..scientific research and advancement in a free society would soar well beyond the present levels of today..'(Love, Freedom, Electric) '..the system of free enterprise for profit .. has not yet been tried.' - Franklin Delano Roosevelt(In The Electric Universe) Open Source Infrastructure, beginning of the Enterprise Nervous System (ENS)