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I agree with you except for one thing:

> Of course, the Eurozone prints money up the wazoo too

I disagree that the ECB prints as much money as you say. Sure we have had ridiculous amounts of "quantitative easing", but this has been nowhere near as bad as it has been in the US. The frugal EU countries (Germany, Netherlands, Austria, etc.) always keep a leash on the ECB.



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