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2025-06-05 12:34:11 UTC

Ghost of Truth on Nostr: In the #eurozone, the old keynesian loser playbook is playing out: the #ECB makes ...

In the #eurozone, the old keynesian loser playbook is playing out: the #ECB makes credit cheap (today by 25 bps), the states pump fresh credit into the defense sector and their broken infrastructure without rhyme or reason. It turns out as usual: higher debt mountains no productivity growth. And the learning curve is a straight one with no slope.