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Germany well aware of consequences of poor monetary policy
invite response
2012 Aug 27, 1:54am 710 views 1 comment
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EBGuy
2012 Aug 27, 3:47am
Here's my favorite:
"Such a policy is for me close to state financing via the printing press"
Imagine Ben B. using printing press in an interview.
I still wouldn't count out the Eurozone (though France recently lowering the retirement age didn't exactly strike me as forward thinking). Eurobonds could be a real threat to our Keynesian fantasyland.
http://www.guardian.co.uk/business/2012/aug/26/german-central-bank-chief-ecb-loans
"We should not underestimate the risk that central bank financing can become addictive like a drug. "
"If monetary policy allows itself to become a comprehensive political problem solver, its real goal risks moving further and further into the background."