On: It’s Official: Austerity Economics Doesn’t Work

[pdelgallego]

> governments are immortal and can print their own money

The part with governments "can print their own money" is actually incorrect for many European countries. That is the main problem for the PIIGs right now.

[jfrm → pdelgallego]

Why is this downvoted? The statement is correct. You can argue if it's the main problem, but it's certainly a problem. The countries in the Euro zone cannot print their own money at will.

[rjknight → pdelgallego]

Very true. The figures are incredibly bad:

http://www.themoneyillusion.com/?p=18161

[roel_v → pdelgallego]

Not sure why you were down voted since you're spot on.