This posits that there is a tradeoff between economic growth and inflation: that to gin up an economy a central bank must print more money (which eventually leads to more inflation), and that to bring inflation down a central bank must tighten money (which slows down the economy).
How much lower can yields fall while globally central banks print money at 5% to 10% annual rates and economies grow at 2% rates?
As central banks print money and increase supply, currencies become devalued.
Sermons on fiscal and monetary policy ring hollow coming from debt-sodden countries where the central banks print money to make up for the politicians' failures.
He has even suggested that Japan's central bank should print "unlimited yen" to help stoke inflation.
The Central Bank will print no more than 3.5 billion pesos this year.
But in deflationary Japan there seems to be no limit to the ability of the central bank to print yen.
Mr Abe has suggested that the central bank should print an "unlimited" amount of yen as a measure to help fight falling prices.
During his election campaign Mr Abe had also suggested that the central bank should print "unlimited" yen to help stoke an increase in consumer prices.
Decisive moves by the world's central banks to print money in order to stimulate the economy is likely to send gold surging, said James Dailey, lead portfolio manager at TEAM Asset Strategy Fund.
"Investors remain reluctant to hold positions without confirmation the U.S. central bank will print their way out of any deterioration in the economic situation, " said Sydney-based Ben Taylor, sales trader at CMC Markets in a note.
Yet all three have their own central banks and can print money if pushed to.
Unless a central bank elects to print money, government debt must be financed by the private sector.
The Chinese central bank has to print renminbi to purchase the dollars.
There, he found that the Japanese central bank needed to print more money, and that the government needed to embrace a spendthrift nature.
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Economic theory says the U.K. is fortunate to have its own central bank willing to print money to smooth the rebalancing of the economy.
He said news of the European Central Bank deciding to print money or the Federal Reserve embarking on a new liquidity program could be the spark that lifts prices.
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Once the paper reaches terminal velocity, they can shut down Advance Central Services, the print wing, tie up any potential liabilities from the paper, and pitch them into the Mississippi.
Mr Cameron is thought to be in support of a plan for the European Central Bank effectively to print money in a Continent-wide quantitative easing programme which could be used to rescue Italy and possibly Spain.
What gold types are saying here is that under a gold standard central banks can no longer print money to buy up debt, thus restraining government profligacy.
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Instead of letting the amassed credit be reduced through explicit defaults, central banks have opted to print more currency in order to help repay the debt over time.
Unlike a conventional central bank, which can print money at will, a currency board issues domestic notes and coins only when there are foreign-exchange reserves to back it.
National currencies are backed by national treasuries with the power to tax and central banks with the power to print money.
Gold prices will soon resume their upward march because of the actions of the world's central bankers, Mr. Strauss says, adding that central banks in developed economies continue to print more money to combat sluggish growth.
During his campaign he had even suggested that the central bank, the Bank of Japan, should print "unlimited yen" to help stoke consumer price growth.
The prevalent idea among heads of state and central banks is that a country can borrow and print more money in order to eliminate the problems caused by too much debt and inflation.
The worst deflation in hundreds of years occurred during the 1930s when major central banks were on the gold standard and refused to print despite very dire conditions.
However, it remains true the editors of major electronic and print media owe their jobs -- and promotion prospects -- to central and local-level propaganda departments.
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