- 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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