It comes as it must come: Because the world’s central banks, and the ECB in particular, are unable to resist the pressure exerted by “experts” and the public, they will do exactly the wrong thing. The “inflation preachers” have prevailed over the thoughtful few, …
I already described in my last piece that it is almost impossible nowadays to bring an indisputable fact to the attention of the people in such a way that even politicians feel compelled to question all too simple views and also to go against the economic prejudices of the majority for once. …
Those who make fundamental mistakes need not be surprised that they trigger fundamental irritations. The ECB has just decided that in order to fight “inflation” it will stop buying government bonds and raise interest rates, and already it is being overtaken by reality. …
