Tuesday, November 1, 2011

The ECB austerity program will be the end of the ECB...

The ECB’s Battle against Central Banking - J. Bradford DeLong - Project Syndicate
www.project-syndicate.org
When the European Central Bank announced its program of government-bond purchases, it let financial markets know that it thoroughly disliked the idea, was not fully committed to it, and would reverse the policy as soon as it could. But the ECB's refusal to accept responsibility for financial stabili...

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