Tag Archive: moron

Euro Morons: Hyperinflation Successfully Avoided, Stagflation Successfully Created

Keeping Greece in euro zone, eurocrats or better “euro morons” have successfully avoided a weak drachma and a following Greek hyperinflation. Instead they successfully created stagflation. Currently European HICP inflation is at 2.5%, far above the max. 2.0% official ECB mandate, but the euro is becoming weaker and weaker. German salaries are rising with 2.6% …

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The Eurozone crisis between euro-morons and zombie-bankers



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