reply on: Public Debt: Threat or Opportunity? \ stacker news ~econ

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21 sats \ 2 replies \ @0xbitcoiner OP 27 Feb \ parent \ on: Public Debt: Threat or Opportunity? econ

That's what I thought. Governments here in Europe used to use the trick of devaluing the currency (aka printing) a lot, but since the euro came in, that power has been restricted to the ECB.

34 sats \ 1 reply \ @Undisciplined 27 Feb

But even European governments run perpetual deficits. They're assuming the ECB will pick up the check by printing more Euros.

41 sats \ 0 replies \ @0xbitcoiner OP 27 Feb

Yes, ECB buys tons of national public debt. It’s just that the control over printing has shifted.