Heiner Flassbeck: Lagarde is leaving, but (false) monetarism remains

Christine Lagarde has, for whatever reason, decided not to serve out her full term, but to step down at the start of next year. It is also completely irrelevant whether and when she leaves. She was the most insignificant central bank governor one could imagine. Her insignificance stemmed from her utter cluelessness regarding the origins of and ways to combat inflation.

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