Wrong way round! ECB allows Governments to delay or abandon any structural reforms by bailing them out, keeping rates at absurd levels and effectively stealing from Savers - most of them low or middle income citizens that benefit little from the asset bubble the Central Banks create.
Governments Have Put the ECB in a Bind
Rethinking Triffin: The Fiscal Dimension of the Dollar Dilemma
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The debate over Robert Triffin’s famous “dilemma” continues to animate
policymakers and commentators. Stephen Miran, a leading economic advisor to
Mr. Tr...
1 hour ago
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