Europe is Literally Running out of Money

http://www.theatlantic.com/business/archive/2012/05/europe-is-literally-running-out-of-money/257836/

by mattobrien • 14 years ago

7 6 14 years ago

It's time to print some money. - From end of article

It would seem to me that printing more money, and therefore causing the value of said money to drop (inflation) you would only be band-aiding a wound, a wound that needs to actually heal. Unless I'm misunderstanding the author.

cheap• 14 years ago

I actually came on here because I thought the exact same thing. Utopia is always just one more printing press away.

gee_totes• 14 years ago

It would be if we embraced Modern Monetary Theory :)

http://www.nakedcapitalism.com/2010/08/guest-post-modern-mon...

rumcajz• 14 years ago

AFAIU the idea is that by printing money you basically take the money stuffed into matresses and give them to the disposal of the state. The question, of course, is whether the state is able to use them in such a way as to make them flow rather than get stuck once again.

cgrand-net• 14 years ago

Printing money means inflation and inflation is bad for debt owners (unless the debt is in another currency) and indeed also for "matresses".

Europe is Literally Running out of Money

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