Quote of the Day: We Must Suffer for the Sins of Others

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From Karl Smith, responding to outgoing ECB President Jean-Claude Trichet’s continuing insistence on choking off the economy with tight money:

Obviously the European Central Bank (ECB) has nearly unlimited power to inflict suffering on the people of the Eurozone. And, from the looks of it they it intend to use it.

Read the rest for some wonkery to fill in the details. But really, the two sentences above pretty much tell the story.

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FACT:

Mother Jones was founded as a nonprofit in 1976 because we knew corporations and the wealthy wouldn't fund the type of hard-hitting journalism we set out to do.

Today, reader support makes up about two-thirds of our budget, allows us to dig deep on stories that matter, and lets us keep our reporting free for everyone. If you value what you get from Mother Jones, please join us with a tax-deductible donation today so we can keep on doing the type of journalism 2020 demands.

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