Thursday 13 December 2012

Bernanke & Co: Hero or Villain?

It is absurd that a professor of economics - who should know better - has no other solution to offer for the lack of growth in the world's major economy. Apart from the question whether or not eternal growth is really feasible - or desirable - he would only have to look a closer look at the relevant textbooks and he would find that pumping freshly printed dollar bills into the financial system is not the only (temporary and superficial) answer to what is in essence a question of fiscal indiscipline and wrong micro-economic measures.