Re: QE
"The Federal Reserve *caused* the Depression. Not just didn't alleviate it, but made it happen. And the German insistence that that's not what happened is why it's all been so much worse in the eurozone.
And that really is about it I'm afraid. The Bundesbank, and thus much of the ECB, is about 60 years behind the intellectual curve."
Thanks for that Tim. I've been waiting to hear someone spell it out so clearly for a long time as I rage privately here in Good Old Germany against the insane policies and seemingly incredible lack of understanding of macro economics among the entire political class here.
Biting the hand that feeds IT
