German Chancelour Merkel: Friend of the Revolution!

[jmlfod87]

http://www.ft.com/cms/s/0/e361d344-bc0c-11dd-80e9-0000779fd18c.html

Pretty big news considering its at the top of Drudge Report. Who would have thought it would be the Germans that would expose the Federal Reserve?

 

[roho76]

I was just in Germany for about a month and a half and made sure I talked to everyone about monetary policy and the dangers of the Fed here in the states. They all agreed. A lot of them welcome socialist policies though.

 

[Danke]

ya, she isn't so found of Bush's back rubs either:

 

[CMoore]

Also remember that there are probably Germans still alive today who remember the Weimar Republic and its hyperinflation.

 

[0zzy]

Also remember that there are probably Germans still alive today who remember the Weimar Republic and its hyperinflation.

Plus, Ron has German roots!

 

[Verad]

There have been calls from outside Germany for it to beef up fiscal support, but Ms Merkel has been wary of raising public borrowing to stimulate demand, fearing that the extra income could boost Germans’ savings rate, which is already high.

I might be slow on the uptake, but I don't understand how someone who believes that saving is bad, but spending is good is a "friend of the revolution." Even the Solow model (of the neo-classical school of economics) takes into account savings into growth (i.e. future prosperity).

 

[jmlfod87]

Her position on monetary policy was what linked her to the revolution. I didn't say she was a member, but certainly a friend.

The title on Drudge reads "Merkel criticises USA over crisis; hits out at use of 'cheap money'...".

Not even Ron Paul got a title on top of Drudge about the Fed, but Merkel has. Thats something valuable.

 

[itshappening]

Drudge has an understanding of whats going on because he regularly has stories highlighting the Fed/bailouts etc.