Two charts from the ECB's monthly bulletin that really do describe the anti-inflationary madness of Europe manifested in "Kill Economy, Keep germans Safe from Inflation" mantra:
And in case you need a summary in numbers:
Look at differentials in growth on M1,M2 and M3 and look at credit to the private sector - also see next chart.
Yep, go into economic slowdown and tighten credit supply growth. Nice.
And in case you need a summary in numbers:
Look at differentials in growth on M1,M2 and M3 and look at credit to the private sector - also see next chart.
nothing wrong with deflation.
ReplyDelete