armstrongeconomics.com / by Martin Armstrong / Jan 10, 2017
Angela Merkel and her party remain clueless about the economic history of Germany which has been made apparent through her insistence upon austerity that tearing the EU apart at the seams. This is like blaming Trump for Hillary’s loss. Merkel’s belief that the quantity of money is the cause of inflation has been proven dead wrong after the central bank’s quantitative easing since 2008 has had no impact on inflation for the past 8 years. At what point does one admit error? Never?