The expropriation

The European Central Bank should actually ensure price stability. It hasn't done that for a long time. To the detriment of all of us.

This commentary is from the column “Mayers Weltwirtschaft” (Mayer’s World Economy) which was published in the FAS (Frankfurter Allgemeine Sonntagszeitung) and is available online at www.faz.net (in German only).