Dirk Ehnts — The nature of the game: euro zone does not agree while unemployment rises again

French chartalism versus German ersatz commodity model based on running the central bank as if the currency zone were still on the gold standard, with the German view winning at present. Result? Unemployment rising in the EZ.

econoblog 101
The nature of the game: euro zone does not agree while unemployment rises again
Dirk Ehnts | Berlin School for Economics and Law

See also, Phelps on what is wrong with the West’s economies