Tag: amount of money
Central banks are partly to blame for inflation
The British economist Charles Goodhart recognized in the 1970s that “as soon as a government tries to control certain financial indicators, they become useless as indicators of economic trends”. The…
There is an explosive device in the balance sheet of the European Central Bank
ECB President Christine Lagarde The euro crisis led to long-term lending by the ECB and a massive purchase of government bonds. (Photo: Reuters) Every year there is a fuss in…
Why you shouldn’t save in the monetary union
Indebted Italy Debt kings: The ECB pumped 17 billion euros into the Italian, Spanish and Greek markets in June and July. (Photo: dpa) “If people understood the monetary system, we…