Lars P. Syll — They promised ‘euro convergence.’ Now look what we’ve got!

Wrong Way Corrigan?

Douglas Corrigan (January 22, 1907 – December 9, 1995) was an American aviator born in Galveston, Texas. He was nicknamed "Wrong Way" in 1938. After a transcontinental flight from Long Beach, California, to New York, he flew from Floyd Bennett Field in Brooklyn, New York, to Ireland, though his flight plan was filed to return to Long Beach. He claimed his unauthorized flight was due to a navigational error, caused by heavy cloud cover that obscured landmarks and low-light conditions, causing him to misread his compass. However, he was a skilled aircraft mechanic (he was one of the builders of Charles Lindbergh's Spirit of St. Louis) and had made several modifications to his own plane, preparing it for his transatlantic flight. He had been denied permission to make a nonstop flight from New York to Ireland, and his "navigational error" was seen as deliberate. Nevertheless, he never publicly admitted to having flown to Ireland intentionally.

See Greg Palast, Robert Mundell, evil genius of the euro. Was the euro really about convergence, or turning the welfare state into a market state?

Gives new meaning to Grover Norquist's famous quip:

I don't want to abolish government. I simply want to reduce it to the size where I can drag it into the bathroom and drown it in the bathtub. — Interview on NPR's Morning Edition, May 25, 2001 (Wikiquote)

Lars P. Syll’s Blog
They promised ‘euro convergence.’ Now look what we’ve got!
Lars P. Syll | Professor, Malmo University