Central Banks Wage War Against Low Prices Ep. 46
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\\n\\t* Big action from the Central Banks this week
\\n\\t* Bank of Canada lowered rates from 1% to .75%
\\n\\t* The ECB announced the launch of first QE program
\\n\\t* The Euro plunged against gold
\\n\\t* Central Banks' goal is to raise the level of inflation to guard against falling prices
\\n\\t* Falling prices accelerate economic activity
\\n\\t* Regulations and taxes slow down economies
\\n\\t* QE in Europe lets the politicians escape the consequences of regulations and taxes
\\n\\t* QE will send European money abroad
\\n\\t* Inflation is an obstacle to economic growth
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