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
Profits are Social Authentication
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In his 1980 book, *Knowledge and Decisions*, Thomas Sowell highlights the
importance of social authentication and verification processes. Does *this*
wor...
2 hours ago
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