Heiner Flassbeck: Inflation success in the USA disproves the ECB

Sometimes it is incredibly difficult to draw clear conclusions from simple facts because people have become so firmly entrenched in a particular world view that anything other than this picture does not exist. If, for example, a member of the ECB’s Executive Board were to take a closer look at the USA, they would be astonished to realise that a decline in inflation rates has also set in there, which, if you believe in the ECB’s theories, should not actually be happening.



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