phelan

joined 11 months ago
[–] phelan@feddit.org 1 points 2 weeks ago

You're technically right that germany doesn't print euros, the ECB does. But your conclusion is still wrong: germany isn’t remotely close to bankruptcy, and equating its situation with Argentina or Greece misunderstands both monetary sovereignty and how the Eurozone functions. As to how freely a country, especially germany, can print money: German government bonds are one of the most sought after, because risk free bonds of all. If it really wants, it can sell as many as it wants; because it has such a strong economic power behind it.

[–] phelan@feddit.org 1 points 3 weeks ago (2 children)

I'm sorry but yes, this is literally how it works. Please go look it up, this is vital for this discussion that you understand how money is generated. The german government bonds are one of the most wanted bonds in the world.

[–] phelan@feddit.org 1 points 1 month ago (4 children)

Emitting government bonds is literally how governments print money.

[–] phelan@feddit.org 1 points 1 month ago (6 children)

So what do you call the process of selling government bonds then?

[–] phelan@feddit.org 1 points 1 month ago* (last edited 1 month ago) (8 children)

a government that prints its own money cannot go bankrupt.

[–] phelan@feddit.org -1 points 1 month ago (10 children)

when the government goes bankrupt aswell

the government cannot go bankrupt