> Germany managed to set up a really independent central bank (which is a non- democratic, bureaucratic, etc… thingy) and inflation was at the target for decades.

And Germany being overzealous in fiscal and monetary policy has stagnated growth and limited policy options. Look at all the rigmarole that had to be done so that Germany could start considering military spending to deal with the new global situation.

(Heck, if Republicans would actually be interested in fiscal discipline, perhaps they should move to Germany.)