Friday, March 6, 2015

Debasing the Currency: The Central Banker's Way

The ECB is participating in their version of QE, or Quantitative Easing. They feel this will prevent the perils of "deflation".  Savvy economists know that deflation is not necessarily "bad".  A key excerpt from the article:

"Draghi’s faith in quantitative easing, which he pushed through against German-led opposition, was reflected in the ECB’s new economic forecasts. After consumer prices fell 0.3 percent in February, the central bank now sees a deflationary spiral averted."

Read the rest of the article HERE... 

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