The Market Ticker - The Crazy Has a Name: Draghi
When you see someone with a gun in their own mouth threatening to blow their own brains out, the correct action is not to follow their lead and place a gun in your mouth.
The ECB effectively declared “MMT” as their monetary policy this morning. This will guarantee the fiscal destruction of the Euro — and all nations who use it.
It renders the tension between taxation and desired government services an anachronism, declaring that governments can run indefinite and indeterminate “fiscal stimulus” without concern for whether their bonds are marketable or whether investors believe they’ll be paid.
It renders (Click link to read more)
Source: https://www.market-ticker.org/akcs-www?post=236815
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