The European Tribune is a forum for thoughtful dialogue of European and international issues. You are invited to post comments and your own articles.
Please REGISTER to post.
How much do the governments "spend money into creation"? The way its happening is through greater national debt
This is a political decision, not an unalterable fact about the monetary system. Sovereigns have dated liabilities to their own citizens because it suits their political needs, not because they have to issue bonds, nor even because they have to honour bonds previously issued. That's the whole point of being sovereign.
It can suit their political need because it exchanges liquid legal tender for rather less liquid sovereign bonds. Or it can suit their political needs because they have made the political decision to run the economy as if they were operating under a Gold Standard. The former can be smart or can be dumb. The latter is always insane.
- Jake Friends come and go. Enemies accumulate.
by Frank Schnittger - Sep 24 2 comments
by Oui - Sep 19 19 comments
by Oui - Sep 13 35 comments
by Frank Schnittger - Sep 11 5 comments
by Cat - Sep 13 9 comments
by Frank Schnittger - Sep 2 2 comments
by Oui - Sep 29
by Oui - Sep 28
by Oui - Sep 274 comments
by Oui - Sep 2618 comments
by Frank Schnittger - Sep 242 comments
by Oui - Sep 1919 comments
by gmoke - Sep 173 comments
by Oui - Sep 153 comments
by Oui - Sep 15
by Oui - Sep 1411 comments
by Oui - Sep 1335 comments
by Cat - Sep 139 comments
by Oui - Sep 127 comments
by Frank Schnittger - Sep 115 comments
by Oui - Sep 929 comments
by Oui - Sep 713 comments
by Oui - Sep 61 comment
by Frank Schnittger - Sep 22 comments
by gmoke - Sep 2
by Oui - Sep 1199 comments