An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
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Tuesday, November 1, 2022
RT — Inflation came from nowhere’–Lagarde
More "Putin did it." All we central bankers can do is raise interest rates."
Russia’s operation in Ukraine did not cause Europe’s inflation and energy crisis, just as Covid did not cause economic disruptions. What caused problems was governments’ responses to these things. Europe is suffering because of its boycott of cheap Russian energy.
La Garde knows this, but she is a professional a liar. She will be 67 in January, but she looks older. Hopefully she’ll die soon.
“Lagarde described Putin as an ‘unbelievably super-briefed person’ with ‘flashing, freezing eyes’.”
Russia’s operation in Ukraine did not cause Europe’s inflation and energy crisis, just as Covid did not cause economic disruptions. What caused problems was governments’ responses to these things. Europe is suffering because of its boycott of cheap Russian energy.
ReplyDeleteLa Garde knows this, but she is a professional a liar. She will be 67 in January, but she looks older. Hopefully she’ll die soon.
“Lagarde described Putin as an ‘unbelievably super-briefed person’ with ‘flashing, freezing eyes’.”
That is clown-world, comic-book talk.
Did she grow up reading Asterix and Tintin?
ReplyDelete