And so if we can create a system in which everybody is playing by a common set of rules, everybody knows what those rules are, then I think U.S. workers and U.S. businesses are going to excel.
Wearing a stiff corset around the lower torso while playing a round of golf may help prevent painful lower-back problems, a common complaint of golfers.
Mr de Silguy, in common with other (non-economist) euro-enthusiasts, airily dismisses such worries, instead playing up the benefits of price transparency and lower transaction costs.