Is the ECB Going To Peg Its Inflation Target to Inflation?

The ECB is looking for pretexts to continue its extra-loose monetary policy even in the face of rising inflation. As Lyndon LaRouche often stressed, central banks have no choice other than printing money under the current system: we are in the zone of the Triple Curve where the rate of growth of monetary aggregates has crossed over and must exceed the rate of growth of financial assets. Any tightening, or “tapering” as in new bankers language, would bring the entire financial system down.