"Equality of opportunity is freedom, but equality of outcome is repression." ~ Dick Feagler
Why Aren't EU Protests Aimed at Central Banks?
Submitted by Michael Kleen on Fri, 2011-05-27 01:00
We can see from the above article excerpt that it is the ECB mainly that is behind the European Union's "immoveable rigor" when it comes to enforcing austerity measures on Greece, and other EU PIGS as well. It is always this way with central banks. Their members and operators tend to be the most holy about fiscal integrity because they are the least so in practice.
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Excellent article, except perhaps for the suggestion near the end, that government debt might ever be "necessary'. Government itself is not necessary. But yeah, the protests should be in front of the central banks.