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
Dear Fed, Please Shut Up Already, Stop the Forward Guidance
-
Danielle DiMartino Booth claims the Fed should be cutting more, not less. I
have a different suggestion.
1 hour ago
No comments:
Post a Comment