Thursday, February 04, 2021

Italy, and Europe, Look to Mario Draghi to Solve Another Crisis

Laughable! Draghi is a Dracula! He is a creature of the system! Don't expect too much from him. He was a terrible European Central Bank (ECB) president. This is most likely a bad choice for Italy! One can only hope, this man has learnt from his past mistakes and is wiser now! Unfortunately, this rarely happens! I blogged previously e.g. here, here, and here about him!

Italy, and Europe, Look to Mario Draghi to Solve Another Crisis - WSJ Former ECB president is aiming to become Italy’s prime minister, but he must first build support among Italy’s fractious parties

P.S. A man of the system quote from Friedrich A. Hayek: "“The man of system, on the contrary, is apt to be very wise in his own conceit; and is often so enamoured with the supposed beauty of his own ideal plan of government, that he cannot suffer the smallest deviation from any part of it. He goes on to establish it completely and in all its parts, without any regard either to the great interests, or to the strong prejudices which may oppose it. He seems to imagine that he can arrange the different members of a great society with as much ease as the hand arranges the different pieces upon a chess-board. ..."


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