They changed the rules of the game by introducing the single currency against all economic logic.
"It's not plausible to me that there's really an economic logic to the political policy that's being proposed."
This economic logic was submerged by politics in the 1970's.
And continue it will, because the economic logic for these deals is strong.
The second is economic logic, which continues in its inexorable way.
But there is another economic logic behind more pay for more age.
Nothing in economic logic or history suggests that wages will suddenly reverse course.
The economic logic of higher interest rates, though, is unavoidable.
But the deal may be less about economic logic than history.
Whether you like it or not, that is very simple, clear economic logic.