"How can I know what I think until I read what I write?" – Henry James


There are a few lone voices willing to utter heresy. I am an avid follower of Ilusion Monetaria, a blog by ex-Bank of Spain economist (and monetarist) Miguel Navascues here.
Dr Navascues calls a spade a spade. He exhorts Spain to break free of EMU oppression immediately. (Ambrose Evans-Pritchard)

viernes, 5 de septiembre de 2014

Krugman sobre Draghi

Comentarios de Paul Krugman a las medidas de Draghi: no suficientes. Epifanía sobre el riesgo de deflación, tardía.

La FED se compara ventajosamente con el BCE, pese a sus vacilaciones. Lo,que gallo fue la política fiscal bloqueada por el Tea Party:

You can argue, and I would, that the Fed should have done even more. But Fed officials have faced fierce attacks all the way. Pundits, politicians and plutocrats have accused them, over and over again, of "debasing" the dollar, and warned that soaring inflation is just around the corner. The predicted surge in inflation has never arrived, but despite being wrong year after year, hardly any of the critics have admitted being wrong, or even changed their tune. And the question I’ve been trying to answer is why. What is it that makes a powerful faction in our body politic — call it the deflation caucus — demand tight money even in a depressed, low-inflation economy?

Yo creo que la decisión de Draghi, su osadía, no va a encontrar apoyo en los que mandan en la UE.

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