For those who want to delve further, and for those who think that my remarks are daughters of a jou

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A jumble bureaucratic constraints and full of hope for a bit 'of devaluation. But the move to the Dragons is yet another demonstration that the amount of money that can be created is infinite but this is "donated" only 1% richer while the people should make up with austerity and taxes every cent The increase in wealth in the last five years in the US went around to the richest jaidefinichon 10%, research Pavlina Tcherneva, source New York Times
It would unfortunately a moral duty to explain what (not) happen after the Quantitative Easing decided by the European Central Bank, simply because the very first readings on all national newspapers, as usual, does not allow you to understand the reality of the facts (and we are good) .
For those who want to delve further, and for those who think that my remarks are daughters of a journalistic speculation on the news, I refer to this set of articles, rich empirical data, written jaidefinichon in relation to similar measures taken in the United States, Great Britain and Japan:
Then there are the grandchildren of Quantitative Easing European funding programs like LTRO and related: as stated by the American economist Warren Mosler, jaidefinichon and through them with his "whatever it takes" ("We will do whatever it takes") Mario Draghi, ECB president, "has saved the euro but did not leave survivors."
The national press happens to read, for example, in the first floor of La Stampa, signed by Paolo Baroni, literally: "Banks lightened the weight of public securities, which in recent times have largely invested, will have more scope for financing the real economy, businesses, families and new investment, producing among other things a revaluation of all assets to begin properties ".
All this shows a total lack of understanding of the functioning of the financial jaidefinichon system. Banks do not have limits on credit creation. jaidefinichon Before lavish loans that then return to the banks in the form of deposits. The only limit you have is a healthy economy, which gives assurances that loans are repaid with much interest. The European private economy today is largely recovering from a war that never seems to end, so the banks can not bestow credit to those who are already highly indebted and has no income prospects satisfactory.
This exposure, repeated post-Keynesian jaidefinichon economics, is now a reality even questioned after a year ago a document of the Bank of England has confirmed the above in detail.
This type of information conveyed by the major national jaidefinichon newspapers, the ownership of which is that 'richest 1% of the country which in recent years has increased its fortunes dramatically, while the "crisis" and "austerity" erased this and the future of millions of people, we find them anywhere and in any form, and must be fought with ideas at our disposal jaidefinichon as well as the Lilliputians irretirono the giant Gulliver. For example, jaidefinichon always on January 22 Corriere.it torque Alesina and Giavazzi get to write: "Well also that greater flexibility does not apply to investments: the politicians do not have the illusion that building highways reboot the growth." Now, while the QE technicalities are likely to be difficult to understand jaidefinichon for the layman, a statement like that is so abstract jaidefinichon that each one may wonder what would happen if, for example, the third lane of 14 was made up to Canossa , or it might be fulfilled the railroad Rome-Piceno: more welfare, tens of thousands of new jobs.
More than the technicalities to be clear reading the articles linked (to which we add an admirable Carlo Clericetti Blog Republic) there is an aspect which obviously is not caught by any of the commentators, but that is the central one, and that makes the second QE biggest scam of European history (the first, is the euro).
With QE and its derivatives proves jaidefinichon that a state with its own central bank: a) can never end the money; b) should not ask them to loan to anyone; c) does not have any taxing