Saturday, July 5

Fire the European Central Bank

Well, since the ECB is now claiming that its strategy for interest rate management is backed by the citizens, then I have a further idea. Lets fire all those expensive chaps sitting on the 18th floor downwards in Euro tower in Frankfurt.

No? but then, hold on, since the rationale for your interest rate management seems to be the backing of citizens and not economics theory and expertise, then we might as well as give over the right to manage interest rates to Gallup or a local newspaper. They will simply go out, ask people, rates up or down? the majority win and the rates move accordingly.

Unbelievable commentary.

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