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Discussion: (3 comments)

  1. Yes indeed James.

    Sure you right.

    ECB tightened in April and July of 2011.

    Good thing the reign of Draghi was soon to follow…

  2. Benjamin Cole

    It is an astonishing reality: modern-day central bankers have a predilection to obsess about inflation—a peevish fixation. Yet when they get a single mandate to focus on inflation they crush economic growth as seen in Japan and Europe.
    Oddly enough, the generally pro-business right-wing approves of this monetary aspyxiation.

  3. The problem with this article and the general declaration that fighting inflation is bad is based in a wishful, undetermined causality.

    There are a lot more differences between the US and the Eurozone than just fiscal policy.

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