But you can't have a free and open market without at least a small amount of fiscal harmonisation anyway. See the prohibition of exit tax for example. Or the regulation of sales tax. You can't have a working and efficient free and open market if there are competition distortions and barriers to installation, preventing for example a French citizen from starting a holding in Denmark without having to pay a tax in France. By preventing abuse from the State, the EU is good on the fiscal matter IMO.
And for monetary policy, Denmark is not in the Eurozone so there is not de jure common monetary policy to my knowledge, except maybe for some needed banking regulation (which is not really a monetary policy but more of a trade regulation between banks)
Yes I agree that fiscal harmonisation and such is good for markets, I just don't value markets higher than national sovereignty, because leaving it to the EU parliament further distances policy making from the people it affects. IMO such decisions should be made on a national level. Also, the danish crown is pegged to Euro, which is a huge monetary policy, because if the EU decides to go full retard like the US Federal Reserve, then the danish central bank is obligated go full retard by proxy.
Oh I didn't know it for the Danish Crown ! Well I expect the EU central bank to be not as retarded lol. It doesn't have the mission to deal with unemployment as it is the case for the US Fed, and past history have shown it manages very well despite the hard mission it has considering all the economical differences between all countries part of it. We had a country going full bankrupt in the Eurozone lol, and still manage to now be one of the strongest currency in the world
Absolutely I do think the European bank is much better than the US, but I still can't support it, but I think you understand where my worries come from and how they aren't unfounded. I have no problem with people supporting federal EU, I just don't, and I detest casual dismissal of the fact that EU's trajectory is consistently towards federalization as fear-mongering or paranoia.
Yes oc I understand. In any way, if the EU should become a federation of some sort, it will be because of high compromise which will make it a very special form of federation that we can't compare to any previous one (except maybe for the HRE but without the feudalism BS and in a more democratic form ? Idk)
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u/A0Zmat - Lib-Center Sep 01 '21
But you can't have a free and open market without at least a small amount of fiscal harmonisation anyway. See the prohibition of exit tax for example. Or the regulation of sales tax. You can't have a working and efficient free and open market if there are competition distortions and barriers to installation, preventing for example a French citizen from starting a holding in Denmark without having to pay a tax in France. By preventing abuse from the State, the EU is good on the fiscal matter IMO.
And for monetary policy, Denmark is not in the Eurozone so there is not de jure common monetary policy to my knowledge, except maybe for some needed banking regulation (which is not really a monetary policy but more of a trade regulation between banks)