http://mises.org/community/blogs/fdominicus/archive/tags/central+bank/Draghi/end+the++central++banks/default.aspxTags: central bank, Draghi, end the central banksenCommunityServer 2008.5 SP2 (Build: 40407.4157)http://mises.org/community/blogs/fdominicus/archive/2011/12/22/money-printing-te-ecb-way.aspxThu, 22 Dec 2011 06:09:00 GMT944abf2b-d1be-4bf2-990d-438cb0e377e9:449789Friedrich Dominicus0http://mises.org/community/blogs/fdominicus/rsscomments.aspx?PostID=449789http://mises.org/community/blogs/fdominicus/commentapi.aspx?PostID=449789http://mises.org/community/blogs/fdominicus/archive/2011/12/22/money-printing-te-ecb-way.aspx#commentsGreat news for all the inaptly European banks out there. <p> The lender of last resort, does what the FED does for ages, they are printing money. Well it&#39;s not named this of course. Because we live in time of double-speak. It&#39;s to avoid a credit crunch. And of course the hope is the inaptly banks buy bond from inaptly states. </p> <p> Is there a way we can influence that? No chance. the ECB is independent and it does not have to follow anything, but usually their laws. And stretching them is probably the thing Draghi likes the most. And so we go. The ECB funds the defaulted states. What a happy news.... </p><div style="clear:both;"></div><img src="http://mises.org/community/aggbug.aspx?PostID=449789" width="1" height="1">end the central banksdeledefscentral bankprinting moneyshamDraghi