Negative Interest Rates

The European Central Bank announced this morning that they will cut their deposit rate from zero to -0.10%, making it the first major central bank to institute a negative rate. (For individuals saving money, the benchmark interest rate has also…

The Trillion Dollar Coin

If you’ve been following the news lately, you’ve probably heard talk about a $1 trillion platinum coin that could solve the current fuss going on in Congress. It revolves around a legislation technicality that would allow President Obama to fulfill…