Tag Archives: european central bank
On Maximum Collective Welfare
“Look back over the past, with its changing empires that rose and fell, and you can foresee the future too.” – Marcus Aurelius Gradually Reducing the Minds of Men The Roman Republic was corrupted long before Marcus Aurelius came to … Continue reading
The Great Money Caper
Several weeks ago we alerted you to the burgeoning currency wars and the new age of desperation. If you recall, nations, in unison, are attempting to export their way to prosperity by killing their currencies. Unfortunately, if everyone’s doing it, … Continue reading
Collective Destruction
Last Tuesday we remarked that Mario Draghi and the European Central Bank were receiving valuable on the job training. Most notably, that money creation operations are much harder to stop than to start. By Thursday, Draghi confirmed he’s an astute … Continue reading
A Valuable Lesson on Money Creation
“No, absolutely not,” answered European Central Bank (ECB) President, Mario Draghi on Saturday over croissants in Paris. He was responding to a question from the French newspaper Le Monde, asking if the euro were in danger. There are numerous axioms … Continue reading
