My recent piece on money provoked a strong reaction. Much of it opined that while it was fine for me to pontificate on how we’ve ended up here, I was a little light on the why. In response, I want to ponder a little bit more on why I think money will continue to lose value. The primary objective of the European Central Bank is crystal clear. In its own words: “The ECB’s primary objective is to maintain price stability, that is, to maintain the purchasing power of the euro… The ECB’s Governing Council considers that price stability is best…

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