Mises Daily
Author:
Hans F. Sennholz
Online Publish Date:
and government officials may add their weight to an active countercyclical policy of easy money and massive deficit spending. But such a reaction by the world’s purchasing power of the euro. The European Central Bank is conducting an expansive policy which obviously exceeds that of its primary competitor, the Federal Reserve are impressed by the apparent benefits of the “new economy” with its high-tech innovations and boosts in productivity. And they seem to be unsure of the enormous