The Great Depression – A Monetarist’s View

After such a long period, the topic on the cause of The Great Depression has yet to reach a definite answer. The Marxists contended that the depression was unavoidable under free-market capitalism as there was no restrictions on accumulations of capital which when over-accumulate will tend to lead to a crisis. On the other hand,…

ECB Quantitative Easing: What about it?

On the 22nd of January 2015, the European Central Bank (ECB) launched a massive government bond-buying program which will inject hundreds of billions in new money into the euro zone economy. The ECB said that the purchasing of sovereign debt will last about a year and a half from March onwards, till the end of…