This is an extension of the post I just wrote on Greek debt, but seemed to deserve a space of it’s own. I would like to put forward a couple thoughts on expanding the money supply to repair balance sheets hurt by absorbing bad debts and debt forgiveness. It seems that I often argue for the [...]

One thing I find odd about the continued angst over the Greek debt crisis is that so much worry is expended over what is a relatively small amount of money. First off what we are mainly concerned about is privately held debt, since central banks have the power to issue currency, now for Greece that [...]