Quote from: Clobered09 on March 12, 2014, 07:43:26 AM

Quote from: minime on March 11, 2014, 08:18:03 PM

i do not know where you life but governments do not have the power to create money... this is mostly done throu "independent" central banks...

I believe every country, except those that have joined economic unions under certain conditions, retain the power to create money. For instance, in the US, the Federal Reserve (which is a governmental agency that's only independent in the sense that executive discretion is extremely limited) controls the money supply, and if Congress really wanted to (and had agreement from the president or dual super-majorities), it could direct the Federal Reserve to create more money. This is an inherent power of national governments.

Trully independent Central Banks are an exception!