Wednesday, December 07, 2005

European Monetary Policy Analyzed

I have a article discussing the monetary policy of the ECB on the German web site Der Invest Informant. After the recent small quarter point interest rate hike the ECB was again accused by EU politicians of not inflating enough. But I point out that contrary to the general perception, ECB policy have been highly inflationary and this have caused great distortions, distortions that will become even greater if the EU politician's call for even more inflation would be granted.


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