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It's not redistribution of wealth when with every Euro you print, the currency gets further devaluated. This wouldn't happen. Ever. They'd rather separate it in

by aluhut 10y ago

It's not redistribution of wealth when with every Euro you print, the currency gets further devaluated. This wouldn't happen. Ever. They'd rather separate it in North and Sourth Euro before somebody would even seriously think about that for a second.

hx87 10y ago
The currency doesn't get devaluated in this case because the supply of Euros doesn't increase--the ECB is only replacing the money supply lost when the banks collapse.
- aluhut 10y ago
  But the supply is not "lost". It did not disappear in space.