Grasping Reality on TypePad, by Brad DeLong

Should-Read: Mike Bird and Christopher Whittall: The Speech That Transformed European Markets—Five Years Later: "European Central Bank chief Mario Draghi.... 'Within our mandate, the ECB is ready to do whatever it takes to preserve the euro and believe me: It will be enough'... https://www.wsj.com/articles/the-speech-that-changed-european-marketsfive-years-later-1501061404