Europe Must Inflate Euro or Die

The Euro Was a Terrible Idea: Let Us Salvage It and Make It Worse

Monday, July 30, 2012 – by Staff Report

Only Mario Draghi's ECB can avert global calamity before the year is out ... Mario Draghi has promised the moon. The European Central Bank's council had better deliver on his pledge this week. If it does not, the crisis will surely escalate out of control in August or soon after. – UK Telegraph
Dominant Social Theme: Inflate or die.
Free-Market Analysis: Ambrose Evans-Pritchard is growing grimmer and grimmer. Only Mario Draghi's ECB can avert global calamity before the year is out, he writes in this remarkably gloomy article.
It may be one of the strongest articles ever penned about the EU's apparently impending demise. And yet in a sense it perfectly tracks a larger dominant social theme of the power elite – that sluggish money circulation is responsible for recessions and depressions.
Evans-Pritchard likes to pretend that he is not a Keynesian but his approach has shifted to pure Keynesianism in the past few months.
Read More