European Central Bankers: Print the Money!
Richard Ebeling covers the ECB’s latest move to achieve propserity via money creation, while combatting the presumed menace of deflation:
Richard Ebeling covers the ECB’s latest move to achieve propserity via money creation, while combatting the presumed menace of deflation:
Bloomberg reports that the yield on more than $4 trilllion of sovereign debt has turned negative. Investors are now paying the Swiss government to borrow from them for longer than a decade and paying the German government to borrow for a lustrum. For all Euro-area nations, according to Bloomberg calculations, average yields on sovereign debt are now at 0.68%.
While Ron Paul, Lew Rockwell, Tom Woods, Jeff Deist, and Brion McClanahan spoke at length on secession as a tactic in weakening the power of the state, what really worried the