Central banks don't usually use phrases like "unlimited" when it comes to creating money.
One can say, correctly, that the Fed is creating money in this process.
Creating money and handing it to the banks, on the other hand, might.
FORBES: Rate Cut Resistant: Market Surges Forward Without Interest Rates Cuts
Additionally, the ECB statutes explicitly forbid it from creating money to finance public debts directly, it was created to maintain political independence.
If it stopped creating money altogether, the result would be severe deflation.
FORBES: Ideological Confusion is Pointlessly Prolonging the Recession
By creating money out of thin air, when the Federal Reserve deploys the quantitative easing tools at its disposal, it is printing money.
When Bretton Woods broke down and the last link to gold was severed, there was in theory nothing to stop governments from creating money.
Unlike Mark Carney, Sir Mervyn does not think that quantitative easing - creating money and using it to buy government bonds - itself is encountering diminishing returns.
While rich-country central banks are busy creating money, developing-world central banks are buying gold a record 158 tonnes in the second quarter, according to the World Gold Council.
No, it appears this acceleration is slowly, though increasingly about private banks actively creating money, more precisely uncovered money substitutes, by pyramiding loans and investments on top of their massive reserve base.
We know that Fed policy is creating money at an unprecedented rate, but not to worry, Chairman Bernanke will stop the process when inflation reaches his 2% goal (a level some say we have already reached).
Libertarians tend to be sticky about principles and the last time I looked robbing savers of purchasing power by creating money out of thin air was theft no matter how Dr. Friedman or the Keynesians would like to justify the practice.
Now we know they had at least two reasons to hold back, which they couldn't have put in the press release: the coming spike in inflation for October, and the Treasury's decision to relieve the Bank of the billions it has made so far from creating money to buy government bonds.
Now we know they had at least two reasons to hold back, which they wouldn't have been able to put in any press release: The coming spike in inflation for October, and the Treasury's decision to relieve the Bank of the billions it has made so far from creating money to buy government bonds.
So that leaves the option of quantitative easing (QE), or creating more money to purchase assets.
But the larger point was that he thinks "doing more" means thinking beyond creating more money.
Look at what's happened since the Federal Reserve began creating excess money in 2004.
If the Federal Reserve were to stop creating new money, the result would be not a stable price level but significant deflation.
On this account, governments impose taxes payable only in money, creating a demand for money that means it will be widely accepted as payment for goods.
The offering is proof that while hard partying 20-somethings at start-ups such as Yelp may grab headlines, the new tech boom is creating real money for companies that may be less sexy but more useful.
Mr Soros seems to think that creating quasi-money constitutes a cost-free way to raise real resources.
Central bankers still harbor the illusion that they can constructively guide economies by creating or extinguishing money.
Other issuers also spend massive amounts of time and money creating cards that feel tailor-made for the holder.
FORBES: Starbucks Is Reinventing the Role of Payments. Will Payments Leaders Take Notice?
We were creating investments that money managers needed in volatile markets.
When there's inflation, the central bank is creating too much money.
In December, the state of Pennsylvania actually passed a law that prevents cities from creating and charging money for municipal Wi-Fi if it competes with private businesses.
"We spend a lot of money creating a sexy, classy image for a singer, and then we put her on a BET show, and the set looks cheap, " says one label executive.
Then he threw the money into creating the U.S.' first nationwide cellular phone network.
He attacked the front-runner as a man who put making money before creating jobs.
应用推荐