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Karl-Friedrich Israel: The ECB Has Failed

  • Karl-Friedrich Israel on Mises Weekends
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Tags The FedGlobal EconomyMoney and Banks

07/17/2015Karl-Friedrich IsraelJeff Deist

Karl and Jeff discuss the current situation in Greece from Karl's perspective as a German. Old hostilities between the north and south in Europe are being inflamed, which calls into question the entire purpose of the Eurozone.

Would Greece be better off simply leaving the Euro and resurrecting the drachma? Would the less profligate Eurozone nations cheer this? And has the ECB failed as miserably as the US Fed in creating price stability?

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