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The art of economics consists in looking not merely at the immediate hut at the longer effects of any act or policy; it consists in tracing the consequences of that policy not merely for one group but for all groups—Henry Hazlitt

Showing posts with label LTRO. Show all posts

Sunday, April 08, 2012

The ‘New’ Old Idea: Central Banking Ponzi Financing Schemes

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From the Wall Street Journal , Even as the European banking crisis shows signs of easing, lenders across the Continent are engaging in ...

Monday, March 12, 2012

Central Bankers Whets Wall Street’s Fetish For Inflationism

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In a fiat-money regime, however, increases in credit and money are not a one-off affair. As soon as signs of recession appear on the horizon...

Wednesday, March 07, 2012

ECB’s Record Balance Sheet Tops the US Federal Reserve

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From the Bloomberg , The European Central Bank’s balance sheet surged to a record 3.02 trillion euros ($3.96 trillion) last week, 31 pe...

Thursday, March 01, 2012

Record Bank Borrowing from ECB’s Second Round LTRO

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Here is what I wrote last Sunday , Despite talks of ‘stigmatization’ or the reluctance to avail of European Central Bank facilities by ...

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