Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
which I have considered myself. What would happen if say the Bank of Spain started creating loads of euros, as nothing more is needed than pushing buttons on a computer? Would the ECB say, -hey you guys you can't do that! to which the Bank of Spain answers, - well mates, we just did!

That would be a transfer of value from everyone holding euros to the Bank of Spain and it would cause some inflation, so I suppose we'd see Axel Weber marching south at the head of the second Condor Legion... :p

Peak oil is not an energy crisis. It is a liquid fuel crisis.

by Starvid on Thu Dec 2nd, 2010 at 09:53:16 AM EST

Others have rated this comment as follows:


Occasional Series