Global Economy

The European Central Bank is ramping up its easy-money policies in an effort to spur inflation, which it hopes will improve the economy.

The European Central Bank is ramping up its easy-money policies in an effort to spur inflation, which it hopes will improve the economy. The wealthy and powerful will benefit from this, but most everyone else is in big trouble.

Money is an odd book. “Moderation” in the use of a bad measure is no virtue. If cyanide is poison, “drink in small doses” is not the appropriate response. Money falls exactly into this bad pattern.

The Swiss central bank's decision to let the Swiss franc find its market value (compared to the euro) was predictable, yet it has caused instability for Swiss markets. Meanwhile, the peg never helped the Swiss economy.

"Taxes" sounds like a boring subject, but Dan brings great energy and passion to the discussion.

The Greeks may still default, and that would mean big trouble not so much for Greece as for other EU member states who will be on the hook for even

The Greeks may still default, and that would mean big trouble not so much for Greece as for other EU member states who will be on the hook for even more bailouts.

Thanks to high oil prices and years of cheap money, capital-intensive fracking operations became feasible in even some of the most marginal areas. But with easy money comes bubbles, and falling oil prices may soon help pop the fracking bubble.

There has been much hand wringing among popular blogger-economists in response to the breaking of the Euro peg by the SNB.

According to CBC News, "The Bank of Canada shocked markets today by cutting its key overnight lending rate by a quarter of a percentage point, citing the economic threat posed by plunging oil prices."