The Bolsheviks were shocked to discover the destruction of money failed to bring about the rational economic order that the Communists believed to be inevitable.
Italian politicians are thinking "full speed ahead" when it comes to debt and devaluing the currency. And it's becoming harder for the EU to contain the possible fallout.
The key to a high quality of life is a free economy devoted to trade and entrepreneurship. Contrary to what we're told about Europe's welfare states, more government social spending doesn't cause economic prosperity.
The real money-creating machines are commercial banks. Loan dollars become deposit dollars. Lots of lending means the money aggregates increase. Little lending means the opposite.
