Edward Hugh: Blog Prophet of Euro Zone Doom
For years, Edward Hugh predicted that the euro zone could not survive. Now people are finally listening to him.
The New York Times describes Mr. Hugh as a gregarious British blogger and self-taught economist who repeatedly predicted that the euro zone could not survive.
He warned "It was the height of policy folly to think that aging, penny-pinching Germans could successfully coexist under one currency umbrella with the more youthful, credit-card-wielding Irish, Greeks and Spaniards who shared the euro with them."
Mr. Hugh's rails on about economists: "Most economists, beholden as they are to their 'promiscuous but essentially useless' economic models, missed what he considers an easily predictable outcome."
And that, Mr. Hugh adds, “is why we are in such a big mess now.”
