Those people seem to be totally unselfconscious, in a historically ignorant way. You can't have it both ways as the Japanese example should have shown. Sure you can hike rates but then you can also watch the economy descend into long-term full-on deflation (Sweden is riding ahead). But maybe that's the dream of financiers who can't find anything worthwhile to invest in. Deflation is super for savers and bankers get an easy job - again see Japan. The old eats the young. Is this the beginning of the latter-day Oeconomica Geriatrica?

_{Schengen is toast!}