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
EconLog Price Theory: Veggies or Noodles?
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- This is the latest in our series of posts in our series on price
theory problems with Professor Bryan Cutsinger. You can see all of
Cutsing...
9 hours ago
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