… in which I save Europe from itself, and from Putin

We have now sunk to a depth at which restatement of the obvious is the first duty of intelligent people.

George Orwell

Obvious thing A: This is what happened to the unemployment rate when a country expanded its money supply and, 1933–45, used the new money to put a lot of unemployed people on the public payroll doing, among other things, building a lot of infrastructure:

If you read the caption, you noticed that this country is not imaginary. It is not Narnia. It is not Middle-Earth. It was the real, actual, United States of America.

Obvious thing B: Europe has a lot of unemployed people, and is on the verge of falling into calamitous deflation.

Obvious thing C: European unemployment is worst in the GIPSI countries (Greece, Italy, Portugal, Spain, Ireland), which effectively have already been suffering deflation for several years now.

Obvious thing D: Europe can't take economic sanctions strong enough to deter Vladimir Putin from doing really stupid, dangerous, oppressive stuff, because Europe depends too heavily on Russian oil and gas. Thus Europe continues to send massive amounts of cash to Putin, which Putin uses to finance more stupid, dangerous, oppressive stuff.

Obvious thing E:

I suppose by now the course of action I'll suggest is obvious. But I'll spell it out, briefly, after the orange dollop of Putin-poo.