The EU ‘Is the New Communism’

Via The Blaze:

The late, great Milton Friedman predicted this twelve years ago:

“There is no historical precedent for such an arrangement. It involves each country’s giving up power over its internal monetary policy to an entity not under its political control. Such a system has economic advantages and disadvantages, but I believe that its real Achilles heel will prove to be political; that a system under which the political and currency boundaries do not match is bound to prove unstable.”

The larger point is that the EU  jammed together dozens of countries with vastly different political and economic cultures, under the absurd assumption that central planning under an 855 page constitution, along with a common currency , would magically transform these centuries-old cultures into a single European civilization. That goal was supposed to be achieved despite promises to dubious citizens that this new bureaucratic behemoth would respect those cultural disparities. So Greeks would still be Greeks, but would somehow feel a common bond with Germans, because an Athenian could travel to Berlin without dealing with exchange rates. That comradeship would be furthered cemented under the shared misery of relinquishing freedom and national sovereignty to unelected regulators who would develop one size fits all policies. What could go wrong?

Americans would do well to remember this lesson as the federal government arrogates more power unto itself.