Sep 292011
 

The Telegraph, a newspaper, has a story steeped in irony.

Germany and America were on a collision course on Tuesday night over the handling of Europe’s debt crisis after Berlin savaged plans to boost the EU rescue fund as a “stupid idea” and told the White House to sort out its own mess before giving gratuitous advice to others.

The long and the short of it is that the German Finance Minister is rejecting the policy of activist inflation that the heads of the US central bank and of the Treasury Department favor.

If anyone knows that you cannot inflate your way out of an economic crisis, it should be a German.

Invest accordingly.

Prof. Evans