Thrilling Race To The Bottom At Draghi Downs.

   (Commentary posted by Roger Erickson)



It's just astounding that such polar opposite views can exist at this level, in one profession. 

Draghi on the euro

Is it a mistake to let academic economists and/or politicians/oligarchs with ZERO commercial/reserve banking experience try to manage a Central Bank?

Does any MiddleClass anywhere have a horse in this race anymore? Which Horse Are YOU Betting On? The one with the MMT saddle, or the one with Draghi Do-wrong riding backwards in the saddle?