Countries that borrow in their own currency should not worry about government deficits because they can always create money to finance their debt.
Countries that borrow in their own currency can finance as much real government spending as they want by creating money.
The average European is better off if Europe’s competition authorities let firms merge into European champions in their sectors, even it weakens competition.
If China and other countries use policies that create giant international firms, then the average European is better off if Europe's competition authorities let firms merge into European champions in their sectors, even it weakens competition.
