This gets little publicity. For two years, the European Central Bank has been shrinking its monetary base.
Europe as a whole is close to recession, but prices are not falling.
Keynesian analysts are fit to be tied. The ECB is supposed to inflate, like other central banks. It isn’t.
This Washington analyst has little good to say about the policy.
The ECB has said that it may ramp up in September. Let’s hope it conveniently forgets.
Keynesians are always aghast when reality intrudes on their misbegotten theories. It has been often repeated that "if you don't read history you are doomed to repeat it". It is apparent that Keynesians do not read history, ever. But somehow their bizarre ideas survive. See my blog at http://cranky-conservative.blogspot.com
OUT OF THE EU==========OBOMA BACK TO KENYA TO RUN HIS MUSLIMS==================
uh, The U.S. is not in the E.U.