Tag: monetary policy

WinchWeb / Pixabay

The Fog Of Markets

“The year 1915 was fated to be disastrous to the cause of the Allies and to the whole world. By the mistakes of this year the opportunity was lost of confining the conflagration within limits which though enormous were not […]

Image source: Pixabay

The “New Normal” Of Ultra-Low Interest Rates

After nine years of outrageous, unwarranted and irrational monetary policy, some people are taking the current monetary regime as normal and natural — the new normal. You can see this on corporate ballot sheets, bank leverage, and the low personal […]