Difference between revisions of "Debt monetization"
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Conservative (talk | contribs) m (moved Monetizing debt to Debt monetization) |
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| − | Debt monetization is when the government pays off debt via the process of printing more money to pay its creditors.[http://www.investorwords.com/3099/monetizing_debt.html] Debt monetization leads to [[inflation]].[http://www.investorwords.com/3099/monetizing_debt.html] According to Richard Fisher the President of the Dallas Federal Reserve Bank, "Throughout history what the political class has done is they have turned to the [[central bank]] to print their way out of an unfunded liability.[http://online.wsj.com/article/SB124303024230548323.html] | + | '''Debt monetization''' is when the government pays off debt via the process of printing more money to pay its creditors.[http://www.investorwords.com/3099/monetizing_debt.html] Debt monetization leads to [[inflation]].[http://www.investorwords.com/3099/monetizing_debt.html] According to Richard Fisher the President of the Dallas Federal Reserve Bank, "Throughout history what the political class has done is they have turned to the [[central bank]] to print their way out of an unfunded liability.[http://online.wsj.com/article/SB124303024230548323.html] |
== External links == | == External links == | ||
Revision as of 02:04, August 16, 2009
Debt monetization is when the government pays off debt via the process of printing more money to pay its creditors.[1] Debt monetization leads to inflation.[2] According to Richard Fisher the President of the Dallas Federal Reserve Bank, "Throughout history what the political class has done is they have turned to the central bank to print their way out of an unfunded liability.[3]