Central Banks Wage War Against Low Prices – Ep. 46
Jan 23, 2015•23 min
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Episode description
* Big action from the Central Banks this week
* Bank of Canada lowered rates from 1% to .75%
* The ECB announced the launch of first QE program
* The Euro plunged against gold
* Central Banks' goal is to raise the level of inflation to guard against falling prices
* Falling prices accelerate economic activity
* Regulations and taxes slow down economies
* QE in Europe lets the politicians escape the consequences of regulations and taxes
* QE will send European money abroad
* Inflation is an obstacle to economic growth
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