Friday, June 6, 2014

The ECB's failure

These two graphs, taken from here, express vividly how much worse the performance of the European Central Bank (ECB) has been compared to the US Federal Reserve (the Fed). Between the two of them, they caused the Great Recession, but the Fed has done much better since.
The ECB's dismal performance also helps explain the recent European election results (see previous post).

No comments:

Post a Comment