Wednesday, 11 November 2015

The Madness of Euzone's Chief Monetary Crank

Draghi is speaking again today taking the opportunity as he always does to push his central planning infused political agenda:

Meanwhile, he is also hard at work creating another debt boom which can only make the damage already done by faulty monetary policies and insane government spending and debt accumulation that much worse. You simply cannot solve a debt problem by creating more debt.

Picture by The Telegraph

No amount of "economic and monetary integration", "pooling more sovereignty" and "common governance" can sort out the catastrophic mess the ECB and the commission have created together with governments. In fact, it will only make matters even worse. A good start would therefore be to end ECB's monetary policy making altogether sooner rather than later. 

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