Another Futile Blitz

So, what is Europe doing to overcome her economic woes? Tim Worstall:

Appoint a 70s style Keynesian as the Chief Economist for the European Central Bank? Ramp up deficit spending (already over 3% of GDP)? Lower interest rates? Run the printing presses? More State spending? Unfortunately, yes.

[Emphasis mine]

If that happens, inflation would increase dramatically and the Europeans will have even less purchasing power. Tim Worstall is way ahead of me and promptly offers a solution at the end of the post.