“Central banks are overwhelmingly more concerned about deflation than about inflation. It is precisely the deflationary fear — the fear of the liquidity trap — that will drive central banks to be extremely loose with their monetary policies. Central banks are afraid of the fall in monetary velocity, and because of this, they will continue to flood the world with money until they are convinced velocity will rise.”

The problem is that this prevents the poor and middle class from enjoying lower prices for the products and services they buy; the rich don’t care if prices rise as they can easily afford higher prices for consumption goods. The rich will also benefit by the rise in the price of the huge amount of […]

Lessons From an Entrepreneur Who Became a Self-Made Billionaire Before Turning 40

Bhavin Turakhia and his brother Divyank started their billion-dollar journey with a $375 loan. He and his brother Divyank launched their first tech venture, Directi, with a $375 loan from their father in 1998. They sold four of their web presence companies — BigRock, LogicBoxes, ResellerClub, and Webhosting.info — to Nasdaq-listed web-hosting firm Endurance International Group, […]