tag:blogger.com,1999:blog-7530776363222965313.post2055694677810565289..comments2023-10-07T13:16:34.756+02:00Comments on Simon Thorpe's Ideas on the Economy: EUREKA! - Replace the Euro with the N-EuroSimon Thorpehttp://www.blogger.com/profile/02605233720415886802noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-7530776363222965313.post-67871989552478025202012-11-09T22:21:37.439+01:002012-11-09T22:21:37.439+01:00The N-Euro goes on, Simon! :)
http://aconstruirum...The N-Euro goes on, Simon! :) <br />http://aconstruirumnovosistema.wordpress.com/propostas-varias/solucoes-economia/n-euro/Simon Thorpehttps://www.blogger.com/profile/02605233720415886802noreply@blogger.comtag:blogger.com,1999:blog-7530776363222965313.post-46922209156427342382012-11-04T17:56:00.427+01:002012-11-04T17:56:00.427+01:00Thanks! Portugal would be a great place to try the...Thanks! Portugal would be a great place to try the idea out... I hope you can get some support for it. I really do think that every eurozone country could introduce the system on their own without having to wait for the others. After all, if Portuguese public sector workers are happy to be paid (at least partially) in debt free government produced money, then it seems that should be their choice!Simon Thorpehttps://www.blogger.com/profile/02605233720415886802noreply@blogger.comtag:blogger.com,1999:blog-7530776363222965313.post-19217585010010731322012-11-04T17:21:41.034+01:002012-11-04T17:21:41.034+01:00Excellent idea Simon. Here is my translation and P...Excellent idea Simon. Here is my translation and Portuguese<br />edition.<br /><br />http://rendarroios.blogspot.pt/2012/11/n-euro-uma-moeda-anti-crise.htmlSimon Thorpehttps://www.blogger.com/profile/02605233720415886802noreply@blogger.comtag:blogger.com,1999:blog-7530776363222965313.post-77315032597254608642012-10-18T10:47:34.683+02:002012-10-18T10:47:34.683+02:00Well, when central banks create money out of thin ...Well, when central banks create money out of thin air (like the ECB did when it created €1 trillion), they hand the money to commercial banks. The governments in the Eurozone then have to try and get some of that money by effectively going cap in hand to the markets. And, unfortunately, it doesn't always work.... <br /><br />The Lisbon treaty actually formally prohibits central banks from lending directly to governments (although, as I have argued, it should be possible to get round this using paragraph 2 of article 123 which allows lending to "publicly-owned credit institutions"<br /><br />SimonSimon Thorpehttps://www.blogger.com/profile/02605233720415886802noreply@blogger.comtag:blogger.com,1999:blog-7530776363222965313.post-86984020530055962012012-10-18T07:05:23.531+02:002012-10-18T07:05:23.531+02:00". When governments need money, they have to ...". When governments need money, they have to go cap in hand to the banks, and ask - no beg - them for money." Nope. In the case of quantitative easing or when reducing interest rates, central banks just create money out of thin air. If you Google the phrases "quantitative easing" and "thin air" you find hundreds of people agreeing with me.Simon Thorpehttps://www.blogger.com/profile/02605233720415886802noreply@blogger.com