Foundation for Economic Education
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German Chancellor Lays into Central Banks for Monetary Expansion
Posted By Sheldon Richman
“Angela Merkel, Germany’s chancellor, yesterday criticised the world’s main central banks in surprisingly strong terms, suggesting that their unconventional monetary policies could exacerbate rather than ease the economic crisis.” (Financial Times [1], Wednesday)
Finally, someone in power has said it.
FEE Timely Classic
“The Causes of Inflation” [2] by Hans F. Sennholz
Article printed from Foundation for Economic Education: http://www.fee.org
URL to article: http://www.fee.org/articles/in-brief/german-chancellor-lays-central-banks-monetary-expansion/
URLs in this post:
[1] Financial Times: http://www.ft.com/cms/s/0/cef03bc8-4fd5-11de-a692-00144feabdc0.html
[2] “The Causes of Inflation”: http://www.thefreemanonline.org/featured/the-causes-of-inflation/
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