Tag Archives: monetization of government debt

QEs, Currency Wars, the Trillion Dollar Platinum Coin and the Route to “Modern” Inflation

Currency Wars

A government faced with financing its deficits in quantities some multiple of private saving must resort to monetary schemes in order to keep its promises to spend. Monetary schemes are essentially costless ways to pay the government’s bills today while … Continue reading

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How Monetization Happens: Being at the Helm When the Ship Goes Down

ship1

The consequences of excess debt are now facing the leaders of Europe head on, and a monumental decision must be made whether explicitly or implicitly. Excess debt leads to a long chain of D words: Deleveraging in an attempt to … Continue reading

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The Dumpster for Toxic Euro Sovereign Debt

dumpster

Some might be wondering why the euro zone rescue focus turned to saving banks as opposed to saving governments.  The reasons are illuminating. Consider the following: When a government has a debt bulge, the debt must be held as someone … Continue reading

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