Advice to the European Central Bank

"The European Central Bank is currently struggling to get inflation going again," states Dow Jones Newswire/Wall Street Journal refering to research by Roger Svensson, IFN, and Andreas Westermark of Sweden’s Riksbank. "Maybe it is time the ECB tried something a little bit more radical, something from the playbook of authorities from the Middle Ages: recoinage." Roger Svensson is the author of the extensive work "Renovatio Monetae – Bracteates and Coinage Policies in Medieval Europe".