When the game changes
by“In a free market, the price and quantity of an item are determined by the supply and demand for that item.” ‘The function and…
ZIRP
Welcome to the world of ZIRP zombies
byInterest rates in the US, Europe and the UK were reduced to close to zero in the wake of the Lehman crisis nearly seven…
The Unseen Consequences of Zero-Interest-Rate Policy
bySource: Ronald-Peter Stöferle at https://mises.org/library/unseen-consequences-zero-interest-rate-policy In a dynamic economy, an action not only triggers just one effect, but always an entire series of different consequences….