Depression in the USA - Deflation verus Inflation

[Aaron]

Hard to blame european banks for reckless lending when they have Mario "Whatever it takes" Draghi in charge.

https://www.cnbc.com/2019/03/27/bank...heres-why.html

"Banks will typically make money when interest rate curves are steep by lending out at higher rates and paying deposits with lower rates. But the ECB deposit rate is currently set at negative 40 basis points, forcing cash rich banks to pay for placing deposits and current account reserves with the central bank.
The ECB has set a negative rate to encourage banks to lend out to the real economy, drive growth and stimulate inflation."

Assets prices are high Draghi wants them higher (trickle-down economics?)how is the average new home buyer in NZ taking on a $400,000 mortgage to buy a house good for the economy?

I assume they all studied at the John Law school of economics. What lessons were learnt back then? None I guess.