Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
My point re:2 is that we wouldn't be in a crisis without the wrong, irrational belief that monetizing sovereign debt weakens the currency and/or creates inflation.

After all, apparently, monetizing toilet paper created by the shadow banking system does nothing of the sort.

There are three stories about the euro crisis: the Republican story, the German story, and the truth. -- Paul Krugman

by Migeru (migeru at eurotrib dot com) on Sat Mar 17th, 2012 at 06:50:47 PM EST
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