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The decision aligns the ECB with the US Federal Reserve and the Bank of England. Economies ebb and flow.. that's how things have always worked. Interest fluctu
by bilekas 3y ago
The decision aligns the ECB with the US Federal Reserve and the Bank of England.
Economies ebb and flow.. that's how things have always worked. Interest fluctuations are a mechanism to manage it. What is your problem with the ECB doing it's job exactly?
- belter 3y agoThey did it too late causing a recession. The Internet archive will store this discussion, and 3-4 years down from now, when they will get their "Alan Greenspan I Did Not Know How The Economy Really Works" moment...I will be back...
- keep_reading 3y agoThis is correct and the naysayers either have amnesia or are hopelessly optimistic that central planning works.
- belter 3y agoWell...well...It seems we don't even have to wait 3 years. Interview from today from Mrs Lagarde. The mea culpas alread started... "Christine Lagarde: ‘I should have been bolder’" - https://archive.ph/47udO https://archive.ph/47udO “...But what we should have learned is that we cannot just rely only on textbook cases and pure models. We have to think with a broader horizon...”