In the “Stupid is as Stupid does” category, the European Central Bank President, Mario Draghi, says that Inflation is too low in Europe. He says it’s critical that the ECB act quickly and decisively to raise Inflation.

I would expect that he didn’t bother asking Europeans buying groceries, and all else they need from their local retail stores, if they agreed that prices should rise more quickly than they have been rising.

This would be funny, except that we Americans are suffering from the same kind of insanity coming out of our Central Bank, the Federal Reserve (FED).