German Conservative Newspaper ‘Gets Endogenous Money’ – Kind Of
by Dirk Ehnts, Econoblog101
German Sunday paper FAS, which belongs to FAZ, has an article named “Hilfe, die Bank will mein Geld nicht” in today’s paper. The title translates to “Help, the bank doesn’t want my money“. The author seems to understand that low interest rates at the ECB are the major cause, but he doesn’t go further and asks why they are so low. Perhaps the German public is not ready yet for the admission that austerity has driven Europe’s economy into a hole, which even ultra-low interest rates can’t fix.
Source: http://econintersect.com/b2evolution/blog2.php/2014/08/05/german-conservative-newspaper-gets-endogenous-money-kind-of
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