January 27th, 2015
in Op Ed
As we approach the 70th anniversary of the liberation of Auschwitz on January 27, the victims of the Holocaust stand, with a good reason, at the centre of our attention. It is survivors' memoirs that shaped our understanding of this genocide. Yet this focus on the survivor sometimes goes hand in hand with an ahistorical, idealised reception of their memoirs.
by Dirk Ehnts, Econoblog101
Paul DeGrauwe has an article on FreeExchange, which is hosted by The Economist:
Since Milton Friedman we have all become monetarists. In order to raise inflation it will be necessary to increase the growth rate of the money stock. This requires that the ECB increase the money base. And to achieve the latter there is only one practical instrument, ie, an open-market purchase of government bonds. There is no other way to raise inflation than through an increase in the money base and a bond-buying programme is the time-tested way to achieve this.