Europe Joins the QE Party
The European Central Bank is ramping up its easy-money policies in an effort to spur inflation, which it hopes will improve the economy.
Money and Banking
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Europe Joins the QE Party
The European Central Bank is ramping up its easy-money policies in an effort to spur inflation, which it hopes will improve the economy. The wealthy and powerful will benefit from this, but most everyone else is in big trouble.
Post Mortem on the Swiss Franc’s Euro-Peg
The Swiss central bank's decision to let the Swiss franc find its market value (compared to the euro) was predictable, yet it has caused instability for Swiss markets. Meanwhile, the peg never helped the Swiss economy.
Moving Money Around Won’t Make Us Richer
At the individual level, we can't get rich by spending money, but Keynesian stimulus is built on the idea that yes, spending money does in fact make you richer. Unfortunately, it only makes some people richer, not including you.
Let’s Secede from the American Monetary Union
The recent de-peg of the Swiss franc from the euro illustrates the importance of currency competition, and the damage that state monopolies over money can do. We Americans should embrace currency competition here at home as well.
Swiss National Bank: Hero or Villain?
There has been much hand wringing among popular blogger-economists in response to the breaking of the Euro peg by the SNB.
Markets Restrain Bank Fraud, But Central Banks Enable It
If given a choice, people will avoid paper money that is declining in value, thus putting a restraint on inflationary bank notes. To shield banks from this, they turned to a monopolist central bank that issues legal tender and helps private banks inflate.
Pat Barron and Frank Hollenbeck in Swedish
The Mises Institute of Sweden has translated two recent Mises.org articles into Swedish.
Switzerland Frees the Swiss Franc
The Swiss franc was pegged to the euro in 2011, but after years of easy money in the eurozone, the Swiss have bailed in an effort to save the franc from even more inflation that's expected from the Europen Central Bank.
What a Swiss Surprise!
A surprise move from Switzerland’s central bank (SNB) sent stock markets into panic today. In just a few minutes, the value of the Swiss franc rose by 30 percent, FTSE 300 dropped by 2 percent, Wall Street futures turned negative, and the recent feeble rise in commodity prices was reversed.
