Central Banks Wage War Against Low Prices – Ep. 46

The Peter Schiff Show

  • 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