Rudolf Havenstein Draghi Speaks: Debt Default Is Our Aim; Hidden Wage Depreciation Is Our Means

I always thought that Mario Draghi was a complete dunce on fundamental economics, but he has now sealed the case in his own words. The reason the ECB is about ready to unleash its own version of QE, it seems, is that "moar inflation" would facilitate a creeping default on euroland's massive public and private debts----an albatross that ranges from 350% to 500% of GDP for most of its member states....
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