Yes, the Fed Really Is Holding Down Interest Rates
The empirical evidence is clear: the Fed is pursuing an expansionist monetary policy — and the economic benefits have been disappointing at best.
The empirical evidence is clear: the Fed is pursuing an expansionist monetary policy — and the economic benefits have been disappointing at best.
Once the Super-Bubble pops, we will see what people demand as the ultimate means of payment: gold or cyber units, or both.
Mario Draghi has many warnings for us about the next crisis, but he fails to note that the artificial creation of money is always behind those crises.
The ECB prefers to do what all central banks did just before the 2009 great recession: blame inflation on rising food and energy prices.