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I used to prepare questions for politicians and Parliament and one of my favorite questions is what technical criteria have you used to determine that the deficit limit has to be X percent of course they never knew what response to give they never responded nobody ever said oh we decided it had to be 10 because of this or that because it had been agreed Behind Closed Doors by committee and has been sent by some kind of divine power the potent message behind them and T in the end is that we have the power to decide what we want to do as a society whatever is technically feasible then can be financed you cant say that the euro is ineffective or that the rules are ineffective they do what theyre meant to do what theyve done since the 1970s and 80s that the sequestered the capacity of governments to act the capacity of parliaments to debate and our power to decide as a community and thats the real Transcendent issue that we have to discuss thank you this is the mmt podcast with Patric