It is impossible to grasp the meaning of the idea of sound money if one does not realize that it was devised as an instrument for the protection of civil liberties against despotic inroads on the part of governments. Ideologically it belongs in the same class with political constitutions and bills of rights. Ludwig von Mises - The Theory Of Money And Credit - 1912
Showing posts with label Quantitative Easing. Show all posts
Showing posts with label Quantitative Easing. Show all posts
Sunday, 9 June 2013
Pu Erh Tea 普洱茶 at the front line battle against zero interest rate policies
I am pleased to report that despite the ubiquitous Starbucks, Gloria Jeans Cafe, Wild Bean Cafe, Café Nero, Coffee Republic, The Coffee Bean, Pacific Coffee and countless other mom and pops that line our high streets, CDBs and petrol stations; tea, according to Wikipedia, remains the second most popular, after water.
Thursday, 6 June 2013
China Exporting Inflation?
Its been widely reported that the US's quantitative easing program or QE as it's affectionately known has flooded the global monetary system with cheap US dollars causing monetary inflation throughout the world. Could China be doing the same thing?
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