Expect nothing but a repeat variation of her 2012 Wolfgang Schäuble laudatio from consummate diplomat Christine Lagarde today. This is not the time to tell the Germans to get over their Schwarze Null fetish and spend money. Maybe there will be the odd softly spoken hint at clever new injection technology tunneling through southern debt mountains toward … Continue reading Lagarde Adagio Offuscato
Tag: Mervyn King
Fiat Credit Money
... is our public money, it is created in our name, backed by our futures. So how come private banks get to create it ? "... there remains widespread misunderstanding of how new money is created, both amongst the general public and many economists, bankers, financial journalists and policymakers. ... the creation of new money and the … Continue reading Fiat Credit Money