Hayek’s Work Helps Explain the Link between Ultra-loose Monetary Policy and Political Instability

by Gunther Schnabl The European Central Bank will increase the overall volume of its bond purchase program to 2,550,000,000,000 euros by September 2018. The main refinancing rate will remain at zero. Mario Draghi has stressed that this policy shall continue until inflation picks up sustainably (which is unlikely to happen in the foreseeable future). The … Continue reading Hayek’s Work Helps Explain the Link between Ultra-loose Monetary Policy and Political Instability