quantitative easing

Federal Reserve: The Most Powerful Bank You Never See

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The Federal Reserve Explained: The Most Powerful Bank You Never See The Federal Reserve is the most powerful economic institution in the world, and most people could not explain what it does. It sets the interest rates that shape your mortgage and savings. It can create money out of nothing. Its decisions move markets on … Read more

Deflation: Why Falling Prices Can Be More Dangerous Than Rising Ones

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Deflation: Why Falling Prices Can Be More Dangerous Than Rising Ones Deflation sounds like wonderful news. If inflation means your money buys less over time, then deflation — falling prices — should mean your money buys more. Cheaper groceries, cheaper cars, cheaper rent. What could possibly be wrong with that? Quite a lot, as it … Read more