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: He believes the ECB violated the "no-bailout" clause of the Maastricht Treaty.
: Supporters see him as a lone voice of reason protecting German taxpayers. Critics, however, argue his views are "ordo-liberal" dogmatism that would have led to a total collapse of the Eurozone if followed. 💡 Recommendation
: By saving "failing" banks and nations, Sinn argues the ECB destroyed market discipline, rewarding reckless behavior.
: He warns that "cheap money" creates artificial wealth that eventually collapses, hurting the middle class. 📝 Critical Review Title: A Warning from the Cassandra of Munich
Full text of "Financial Times March 20, 2015 UK" - Internet Archive Full text of "Financial Times March 20, 2015 UK" Internet Archive
: He believes the ECB violated the "no-bailout" clause of the Maastricht Treaty.
: Supporters see him as a lone voice of reason protecting German taxpayers. Critics, however, argue his views are "ordo-liberal" dogmatism that would have led to a total collapse of the Eurozone if followed. 💡 Recommendation
: By saving "failing" banks and nations, Sinn argues the ECB destroyed market discipline, rewarding reckless behavior.
: He warns that "cheap money" creates artificial wealth that eventually collapses, hurting the middle class. 📝 Critical Review Title: A Warning from the Cassandra of Munich
Full text of "Financial Times March 20, 2015 UK" - Internet Archive Full text of "Financial Times March 20, 2015 UK" Internet Archive