I wonder what would happen if we had only one Central Bank, say the BIS, controlling the monetary base of all the currencies; the sole agent for selling governments' debt into the global market. Perhaps combining the BIS with the IMF. Any ideas?
Anonymous,even by the shocking standards of my typos, that was a bad one.I have changed it. The only thing I can say in defence is that wamed and warned look quite similar from a distance.Alice
They look similar close up to the over forties too, I'm afraid.You have this to look forward to... as well as a mountain of govt debt to pay off.