up the US Government. If Greece could create USD out of thin air, they would not be in trouble. It would be the same as a bank lending you money that you never intend to pay back, there is no hope you will ever pay the debt, not a chance but they lend it to you just for the asking. That is how the Canadian and US governments are operating. They lend it to themselves as to give the perception of solvency when in fact they are BROKE.
No one should have the unilateral power to create money. Otherwise, easy creation makes every unit of said money diminish in value. The creation of money should be the by-product of effort and investment, i.e. the result of a business decision. The problem of fiat currencies is simple:
Those who touch the money first get a direct benefit because prices do not reflect the new level of money; as the new money changes hands, supply is affected and prices tend, in general, to increase. It’s not that the commodities that our