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Merkels Wants Deflation for Europe
The Ossie whose understanding of economics is still blurred by Friedman and Hayek’s enthusiasm for deregulated markets and flat taxes is lambasting the Fed and the BoE for the heinous crime of quantitative easing: basically printing money like there’s no tomorrow to avert deflation and global depression.
Europe’s new Iron Lady is even criticizing Trichet [...]
Eastern Mess
VARIABLE VULNERABILITY
By Stefan Wagstyl, February 25 2009
This should have been a year of celebration in central and eastern Europe. It is 20 years since the Berlin Wall fell, the 10th anniversary of Nato’s eastward expansion and five years after the European Union began its enlargement into the region: from the Baltic to the Black Sea, [...]