"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary." ~ H.L. Mencken
Why Aren't EU Protests Aimed at Central Banks?
Submitted by Michael Kleen on Fri, 2011-05-27 00:00
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.