'..(national) policy shortcomings.' - '..distorting market pricing mechanisms..'

<blockquote>'..(ECB) interventions cannot compensate for (national) policy shortcomings.'

- Juergen Stark (ECB Can Never Become Lender of Last Resort, November 11, 2011)</blockquote>


Context

<blockquote>(Private property) Money and Credit - 'Centuries of monetary fiasco..'

'Does the Fed still not appreciate the damage wrought from distorting market pricing mechanisms..'

'..reviving the entrepreneurial spirit?..'</blockquote>