ECB Going To Take Action: More Deflation Occurring

This is another one of those Holy Crap moments. Perhaps this is when the hyperinflation hawks finally learn what truly is taking place.

The ECB has printing money since 2008 as well as holding interest rates negative since around 2014. All this, according to the Keynesian theory, will lead to hyper inflation. Yet as we can see, the ECB is battling deflation.

In this video I discuss how the Eurozone is an example of what is happening all over the world and how it is only going to keep going.

Here is the ongoing question:

What economic impact does technology have on monetary policy?