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If a central bank prints lots of money, and it then gets written...

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Steve70

2,796 Posts.

21/06/15

20:29

Post #: 15504228
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Originally posted by kingpins ↑

You raise an interesting point re taxpayers from other countries footing the bill

Are they actually doing this, there's a lot of generalization with these sort of comments but maybe we should be saying that CBs in other countries are paying the bills.

Is the man in the street going to be affected if Greece is given a relief from their debts?

The question is who really pays, I would suggest that the man in the street won't
The financiers, the CBs, the wheeler dealer group will carry the can but the people, probably not

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If a central bank prints lots of money, and it then gets written off as defaulted on, that devaules your money, can up the cash rate, and drop the value of your money making imports cost more. You still become poorer as you still have to pay it back to the central bank.
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