41. They fear other governments will follow laxer budget policies than Bonn, pressuring the new central bank to print more money. 42. They can no longer resolve political crises by bullying their central bankers into lowering interest rates or printing money to cover government debts. 43. They will continue to print money, Band-Aid their problems, make special laws -- none of it is going to work, the currency is going to collapse. 44. They have surrendered their authority to tackle problems by printing more money, handing power over monetary policy to the politically independent European Central Bank. 45. Those steps could include nationalizing banks and some industries, price controls and printing more money -- which could spark massive inflation. 46. This is the current state of commentary on a business that was once jokingly called a license to print money. 47. To make good on these pledges, a Communist government will probably have to print money, possibly wrecking the tight budget and fueling a new spiral of inflation. 48. Today many people believe that the cause of inflation is not economic mismanagement but secret police officials printing money. 49. Tuesday Gerashchenko reopened the dispute, saying he was in favor of printing more money to pay off months of unpaid wages. 50. Under dollarization, the banks lose their most important power, the ability to print money. |