The money supply growth is higher than it has been since before the financial crisis, he said, mainly because of the growth of public credit. He therefore calls for an exit plan.
Wieland goes on to explain that the German government cannot directly influence inflation trends. But it must comply with debt rules, he adds. "A permanent suspension of national and European debt rules, just like capacity bottlenecks in the private sector, drives prices up in a phase of recovery."
Handelsblatt: "Warum die Bundesregierung kaum Einfluss auf die Inflation hat" (€)