The next Czech dictator - central bankers?
16.08.2011 - EB
Glossary of difficult words
adherence to - faithful attachment or devotion to something;cheap-money policies - low interest rates;
rising asset prices - low interest rates and a policy of plentiful money cause prices of stocks and other assets to rise;
to prime the pump - to stimulate something by supplying it with money;
trepidation - a feeling of fear or agitation.
monetary reform of 1953 - the distribution of new banknotes (printed in the USSR) at a lower value.