From Creditwritedowns, 10 November 2011 20:20 By Marshall Auerback
(With apologies to Friedrich Hayek)The markets are again in free-fall and, once again, a lazy Mediterranean profligate is to blame. This time, it’s an Italian, rather than a Greek. No, not Silvio Berlusconi, but his fellow countryman, Mario Draghi, the new head of the increasingly spineless European Central Bank.At
