{
  "title": "Euro, ECU2 and Hamilton | Sami Miettinen | Neuvottelija 347",
  "titleOriginal": "Euro ECU2 Hamilton | Sami Miettinen | #neuvottelija 347",
  "episodeNumber": "347",
  "guest": "Sami Miettinen",
  "publishedAt": "2025-08-20",
  "duration": "17:07",
  "durationIso": "PT17M7S",
  "youtube": "https://www.youtube.com/watch?v=xXFPcuPqDJQ",
  "fiCanonical": "https://www.neuvottelija.fi/fi/episodes/701-euro-ecu2-hamilton-sami-miettinen-neuvottelija-347",
  "originalLanguage": "fi",
  "format": "full",
  "topics": [
    "finnish_economy_policy",
    "ownership_capital_tax",
    "geopolitics"
  ],
  "description": "A solo episode, recorded at the Sisäpiiri audience's request that Sami work through a theory without a guest to argue with. He reflects on monetary systems, the euro and the EU by way of the Hamilton musical in London: the ECU-2 basket proposal from Libera's 2014 book, why floating currencies are counter-cyclical and the euro pro-cyclical, what Alexander Hamilton actually did with state debts and tariffs, and why the EU has no comparable fiscal base to work with.",
  "chapters": [
    {
      "t": "00:00",
      "title": "Euro, ECU2 and Alexander Hamilton",
      "seconds": 0
    },
    {
      "t": "00:25",
      "title": "Monetary systems, the euro and the London Hamilton musical",
      "seconds": 25
    },
    {
      "t": "00:49",
      "title": "The Hamilton musical and the founders' judgement",
      "seconds": 49
    },
    {
      "t": "01:11",
      "title": "Hamilton as a federalist: a strong dollar and the foundations of the Fed",
      "seconds": 71
    },
    {
      "t": "01:38",
      "title": "Hamilton's role in constitutional change and as treasury secretary",
      "seconds": 98
    },
    {
      "t": "02:47",
      "title": "Finland in the euro against Sweden's and Poland's floating currencies",
      "seconds": 167
    },
    {
      "t": "03:23",
      "title": "The Covid support package and Finland's negative net position",
      "seconds": 203
    },
    {
      "t": "04:08",
      "title": "Alternatives for Finland's euro strategy, and the ECU-2 model",
      "seconds": 248
    },
    {
      "t": "05:07",
      "title": "ECU-2 against the original ECU; national currencies in parallel",
      "seconds": 307
    },
    {
      "t": "06:07",
      "title": "Lex monetae and whether an EU member may have its own currency",
      "seconds": 367
    },
    {
      "t": "06:35",
      "title": "Net wealth compared: Finland, Sweden, the US and Switzerland",
      "seconds": 395
    },
    {
      "t": "07:48",
      "title": "Floating currencies as counter-cyclical, the euro as pro-cyclical",
      "seconds": 468
    },
    {
      "t": "09:18",
      "title": "The IMF's SDR and where ECU-2 resembles it",
      "seconds": 558
    },
    {
      "t": "10:29",
      "title": "Hamilton's federal model: assuming state debts, and a strong dollar",
      "seconds": 629
    },
    {
      "t": "11:17",
      "title": "EU debt and the limits of Finland's tax base",
      "seconds": 677
    },
    {
      "t": "11:54",
      "title": "Trump's tariffs, and Hamilton's tariffs as a federal tax base",
      "seconds": 714
    },
    {
      "t": "13:00",
      "title": "The EU's carbon and digital taxes against a small budget",
      "seconds": 780
    },
    {
      "t": "13:53",
      "title": "The scale of the EU budget next to the United States",
      "seconds": 833
    },
    {
      "t": "14:55",
      "title": "Hamilton's solutions against the EU, and the zero-sum framing",
      "seconds": 895
    },
    {
      "t": "15:27",
      "title": "Finnish borrowing and the fiscal policy law being reformed",
      "seconds": 927
    },
    {
      "t": "16:00",
      "title": "Nordic debt levels compared, and where Finland is heading",
      "seconds": 960
    },
    {
      "t": "16:37",
      "title": "What to take up next",
      "seconds": 997
    }
  ],
  "sourceTranscriptType": "none",
  "subtitleMethod": "none",
  "provenance": "Owner page assembled from YouTube metadata, the neuvottelija.fi episode record and the published Neuvottelija AI edition summary. Chapter marks are the ones published with the video. No transcript imported.",
  "slug": "ep347-euro-ecu2-hamilton-sami-miettinen",
  "guestsCanonical": [
    "Sami Miettinen"
  ],
  "guestPages": [
    "https://www.neuvottelija.com/podcast/guests/sami-miettinen/"
  ],
  "page": "https://www.neuvottelija.com/podcast/episodes/ep347-euro-ecu2-hamilton-sami-miettinen/",
  "markdown": "https://www.neuvottelija.com/podcast/episodes/ep347-euro-ecu2-hamilton-sami-miettinen/index.md",
  "captions": null,
  "transcript": null
}