Gary Meade

ECB vs. the Fed: Is There a 'Right Way' to Handle the Credit Crunch?

I wonder about your statistics. With housing falling like a rock even though this is not included in CPI we are having deflation over here...not inflation.
I guess the question is which framework should we use the Keynesian or Austrian?
Did you know that our central bank that just prints money out of thin air is not authorized by our constitution? Our founding fathers understood what an inflation tax is from the clipping of coins in England!