It's a disaster waiting to happen, as its Nordic cousins well know.... "Any economic unit can emit money. The serious problem is to get it accepted" Hyman Minsky
"A man can steal more money with a briefcase than a man can steal with a gun," as Don Henley informed us. The magnitude increases exponentially if the "man" runs a national bank. Is there any bound on this increase? Perhaps the world money supply? As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
