Posted by WARREN MOSLER on 3rd December 2011
This is not constructive.
He clearly doesn’t understand monetary operations:
*DJ Fed’s Plosser: Worried About Rising Pressure On Central Banks To Monetize Debt
*DJ Plosser: Worried About Wavering Commitments To Price Stability
*DJ Plosser: Monetizing Debt Would Unleash Inflation
Posted in Fed | 12 Comments »
Posted by WARREN MOSLER on 3rd December 2011
In this crisis of ignorance
the only thing they all agree on
is austerity:
By Jurjen van de Pol
Dec. 2 (Bloomberg) — The Netherlands isn’t in favor of
monetary financing by the European Central Bank to combat the
region’s debt crisis as it may spur inflation and takes away
pressure to reform, Dutch Prime Minister Mark Rutte said.
“Countries that are now forced to reform may get the idea
that there’s no need to reform because the printing press has
been switched on,” Rutte told reporters after the weekly
council of ministers in The Hague today.
Posted in EU | 19 Comments »
