Book Watch: The Tragedy of the Euro

Philipp Bagus, professor of economics at Universidad Rey Juan Carlos in Madrid, is causing a buzz in Austrian/free market/monetary circles with his book “The Tragedy of the Euro”.  The book looks at the inherent frailties of the Euroarea currency, it’s structural disadvantages, and why, like all fiat currencies before it, it is doomed to failure.

As the Mises.org promotional write-up says, “With this book, Professor Bagus brings his scholarship to English readers, explaining the background to the idea of European unity and its heritage of sound money. He explains that the Euro is not what the older classical liberals had hoped for but instead is a politically managed money that is destined for failure.”

By the book at source here, or over at Amazon.com here for around $12-14 excluding delivery.