Sure he can, and pigs can fly. What have such rescues so far produced? The euro has declined from 500 euros in 2008 to an ounce of gold to its present 1322 euros to an ounce of gold. The only way that the ECB has found to “preserve” the euro in the last 4 years is to inflate it and destroy its value. The governments, in vain Keynesian attempts to hold price levels up above equilibrium levels, have produced bigger and bigger deficits and seen their bonds fall in price anyway. Major banks remain insolvent. Europe is prime evidence of … Continue reading Draghi Rescue the Euro by Printing More of Them?