<blockquote>'In any case, and as an illustration that will understandably exasperate Keynesians and monetarists, we must highlight the very unequal results that until now have been achieved with American fiscal-stimulus policies and monetary "quantitative easing," in comparison with German supply-side policies and fiscal austerity in the monetary environment of the euro: public deficit, in Germany, 1 percent, in the United States, over 8.20 percent; unemployment, in Germany, 5.9 percent, in the United States, close to 9 percent; inflation, in Germany, 2.5 percent, in the United States, over 3.17 percent; growth, in Germany, 3 percent, in the United States, 1.7 percent. (The figures for United Kingdom are even worse than those for the United States.) The clash of paradigms and the contrast in results could not be more striking.<font size="-1"><a href="[
mises.org];[41]</font></a>'
- Jesús Huerta de Soto,
An Austrian Defense of the Euro, June 22, 2012</blockquote>
Context<blockquote>
'..Draghi's money. It covers up problems..' - inflationism .. intervention, obfuscation, rationalization and degradation..''..public finances in advanced economies were in “dire straits” and that fiscal deficits were “unsustainable.”''The use of GNP .. exaggerating the importance of consumption in the economy..''..a product of human thought..''..Curious minds..'</blockquote>