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A critique of the ECB's liquidity policies | 66 comments (66 topical, editorial, 0 hidden)
Re: Not at all. (none / 0)
I really do not get most of the letter.. I get humor much mroe better

http://avionesdecercanias.blogspot.com/2011/02/se-hacen-mayores-y-famosos.html

But I do get taht steilization is nonsense.

Buying public debt at fix amrket prices does not geenrate inflation, it makes the EC work as market-maker of last resort... tat's wat the ECB should be doing , at least to avoid anotehr financial catastrophe... not that this is good enough, but at least hey should do it.

Of course, ECB should be pushing for eurobonds, transfer payments , inflation in Germany and/or quantitaive easing and/or printing money to elimiante some private debt.

A pleasure

I therefore claim to show, not how men think in myths, but how myths operate in men's minds without their being aware of the fact. Levi-Strauss, Claude

by kcurie on Fri Feb 25th, 2011 at 06:26:33 AM EST
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A critique of the ECB's liquidity policies | 66 comments (66 topical, 0 editorial, 0 hidden)
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