Earthbag homes are exactly what they sound like -- bags filled with earthen materials stacked to make a house. They often look like big beehives when they're completed, but it's possible for them to take other forms as well.
The new name for this is âquantitative tightening,â or QT.â Rickardsâ, a long standing expert in central bank policy, believes that quantitative tightening will be a major factor in monetary policy over the weeks and months going forward.
What is monetary tightening? Interest rates are going up again in several places prompting talk of monetary tightening. In April 2011, the European Central Bank raised its main interest rate from 1.0% to 1.25%, its first hike â or first monetary tightening â in almost three years.