Contrary to what is often said, the European Union has nothing to do with peace, freedom, free trade, free capital and migration movement, cooperation, or stability. All this can very well be provided in a decentralized system. The European Union is nothing more than a cartel of governments that tries to gain power by harmonizing the fiscal and regulatory legislation in every member State. Article 99 of the Treaty of Rome (1957) clearly states that indirect taxation “can be harmonized in the interest of the Common Market” by the European Commission. As for Article 101 of the same Treaty, it explicitly restrains regulatory competition “where the Commission finds that a disparity existing between the legislative or administrative provisions of the Member States distorts the conditions of competition in the Common Market.”Can't disagree with that and the more people say it the better it is for all of us.
Monday, April 4, 2016
Nice to have the Mises Institute on side
Louis Rouanet writing on the Mises Institute website produces an adequate but far from earth-shattering analysis of why the European Union is, in fact, the very antithesis of Europe and European history. It's a short piece but worth reading.