Evening Must-Read: James Pethokoukis: The ECB Continues to Ruin Europe

James Pethokoukis: The ECB continues to ruin Europe: “The GOP…

…might have a soft spot for the European Central Bank. Republicans, including Paul Ryan and Kevin Brady, have in the past advocated changing the Fed’s dual jobs-inflation mandate to a sole focus on inflation. Unlike the Fed, the ECB has just a mandate to maintain price stability. Also unlike the Fed, the ECB hasn’t engaged in massive bond-buys to boost demand. It hasn’t, however, worked out so well for the euro zone where the jobless rate is 11.6%…. The difference between the US and EZ recoveries is startling. While the former is weak, the latter is comatose. A key explanation, I and other market monetarists have argued, is the more active Fed…