Europe is Literally Running out of Money

Europe is Literally Running out of Money(theatlantic.com)

7 points by mattobrien 13 years ago | 6 comments

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.

rumcajz 13 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 13 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".

cheap 13 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 13 years ago | | |

It would be if we embraced Modern Monetary Theory :)

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