In the oft-misunderstood world of monetary policy, a major debate rages about the role of negative interest rate policy in central banking. Central banks, like the US Federal Reserve (the Fed) and the European Central Bank (ECB), are the primary government institutions that set monetary policy. Their most important tool to influence the economy is […]

March 5 was the second anniversary of the death of Hugo Chavez, former president of Venezuela. During his time as president, Chavez led the “Bolivarian Revolution,” nationalizing petrol companies, increasing oil drilling and using that increased revenue to create massive social service systems. Bolstered by rising oil prices, Chavez was able to forge nearly a […]

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