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Karl-Friedrich Israel: The ECB Has Failed

Karl-Friedrich Israel on Mises Weekends

Tags The FedGlobal EconomyMoney and Banks

07/17/2015Karl-Friedrich IsraelJeff Deist

Karl and Jeff discuss the current situation in Greece from Karl's perspective as a German. Old hostilities between the north and south in Europe are being inflamed, which calls into question the entire purpose of the Eurozone.

Would Greece be better off simply leaving the Euro and resurrecting the drachma? Would the less profligate Eurozone nations cheer this? And has the ECB failed as miserably as the US Fed in creating price stability?

Note: The views expressed on are not necessarily those of the Mises Institute.

Contact Karl-Friedrich Israel

Karl-Friedrich Israel is an assistant professor in the department of economics and business at Western Catholic University in Angers, France. He is an organizing member of the Austrian Economics Meeting Europe and is a Mises Institute Research Fellow.

Contact Jeff Deist

Jeff Deist is president of the Mises Institute. He previously worked as chief of staff to Congressman Ron Paul, and as an attorney for private equity clients. Contact: email; Twitter.