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
Can a Phone Be a Cow? (with Philip Auerswald)
-
Can a phone be a cow? It could in 1990s Bangladesh. This was the insight of
a small number of mobile phone market pioneers who helped catalyze the
spread...
12 hours ago
No comments:
Post a Comment