this intro page updated / edited 7th July 2012
(the paper probably needs a re-write & update too)

At the beginning of asymptotix, explaining our philosphy here, I said;-

Back in the day; the Monetarist / Keynesian debate, bursting out in the US when Reagan was elected, the Keynesians (e.g. Cowles Commission) could attack monetarists by saying that monetarists had no theory [the monetarists were 'Logical Positivists']. The monetarist response (Chicago School and Berkeley) was that the Keynesians did not understand science and particularly did not understand data.

Both France and Germany want an economic government for Europe. The only problem is they have completely different things in mind. The conflict threatens to derail any chances of progress.

When German Chancellor Angela Merkel stood before reporters at the EU summit held in mid-December in Brussels, she took advantage of the opportunity to make a minor concession to neighboring France. "We have obviously been discussing the issue of an economic government for a long time," Merkel said. "What we are currently envisioning goes yet another step in this direction."

In an effort to gain some control over the euro crisis, the Europeans had agreed to replace the existing rescue fund for over-indebted euro-zone countries with a permanent mechanism. But there was also another matter that attracted less attention: At least as far as the French saw things, they were also supposed to be developing ideas for how to strengthen political cooperation between euro-zone member states on economic issues.

A few weeks on, little remains of the summit's spirit of harmony. At the moment, there is serious wrangling between Berlin and Paris over the details of the planned crisis mechanism. Indeed, the two governments have completely different conceptions of exactly what a European economic government would entail.

see asymptotix asscoaites page : http://www.asymptotix.eu/associates

Bristow and McDowell havin a chat in public (very nice), Bristow first ,,,,,