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Every central bank does. If you think the ECB is bad, take a look at Japan. Unfortunately the entire "global financial system" is based on this. But don't ca
by StanislavPetrov 4y ago
Every central bank does. If you think the ECB is bad, take a look at Japan. Unfortunately the entire "global financial system" is based on this. But don't call it a ponzi scheme or Serious Economists will tell you why it is totally sustainable.
- afiori 4y agoIt cannot be a Ponzi scheme; if it can print unbounded amount of money there can be no risk f money running out.