girl gone mad's Journal - Democratic Underground http://www.democraticunderground.com http://blogs.law.harvard.edu/tech/rss Wed, 19 Jun 2013 01:07:42 Wed, 19 Jun 2013 01:07:42 Rightly Disgusted at the Banks This is a good piece about how the gluttony of the banks is now threatening to tear Europe apart. The bailouts cannot and will not succeed and the longer this game continues, the riskier it becomes.

Unlike America, European countries do not maintain currency sovereignty. The German taxpayers wil... http://journals.democraticunderground.com/girl gone mad/2 Sat, 13 Aug 2011 02:07:58 Minting the $1 Trillion platinum coin would NOT be inflationary. Since this idea went mainstream, the reaction has consistently been: ZOMG! Inflation!!1!

This response seems to be based on the misconception that the money being created is going to be "spent" in the economy, but that's not what actually happens.

For the uninitiated, the basic idea is:

The... http://journals.democraticunderground.com/girl gone mad/1 Sun, 31 Jul 2011 18:49:31 Long term, I think the Euro has a very uncertain future. For it to survive, there will need to be a lot of structural changes.... http://journals.democraticunderground.com/girl gone mad/3 Tue, 08 Dec 2009 23:44:46