* Big action from the Central Banks this week

* Bank of Canada lowered rates from 1% to .75%

* The ECB announced the launch of first QE program

* The Euro plunged against gold

* Central Banks' goal is to raise the level of inflation to guard against falling prices

* Falling prices accelerate economic activity

* Regulations and taxes slow down economies

* QE in Europe lets the politicians escape the consequences of regulations and taxes

* QE will send European money abroad

* Inflation is an obstacle to economic growth


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