Lynne Kiesling
With apologies to my colleague Mark Witte for plagiarizing him … we were discussing how the EU has had to suspend their carbon emission permit trading system (I wouldn’t dignify it by calling it a market) due to online security breaches and the theft of millions of Euros worth of permits. Mark asked if there was any aspect of economics that the EU didn’t screw up, which prompted us to come up with the following list:
- Emissions permit markets, common currency, agriculture, unions, employment protection, immigration, consumer product regulation, competition policy
Seriously, what aspect of economics has the EU not screwed up?