In virtually all the debates about the eurozone I have been engaged in, someone usually makes the point that it is only when things get bad enough that politicians finally act – eurobonds, debt monetisation, quantitative easing, whatever. I am not so sure. The argument ignores the problem of acute collective action.
在我參與過的幾乎所有關于歐元區的辯論中，一些人經常指出，只有當形勢變得足夠糟糕時，政客們才會最終采取行動——比如推出歐元區共同債券、債務貨幣化、定量寬松、或諸如此類的措施。我不敢打包票說這種觀點是對的。它忽視了短期集體行動的問題。
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