You'll remember that fear number one was that a major European bank - in Italy, for example - would simply run out of money, triggering a regional and, quite likely, global freeze in wholesale financial markets similar to October 2008.
I don't think that such very small amounts of money ever triggered such large amounts of money in in medical research before, not in connection with Schnapper, but in connection with appropriations.
The situation worsened when the money snafu triggered a no-show from the event's most popular speaker.
Having trashed the economy and undermined financial stability, his Fed then dropped short-term interest rates to near zero and launched its QE money-printing scheme, tripling its balance sheet along with base money, and triggering an inflation that has doubled the gold price to an all-time high of nearly $1600/ounce.
Some Democrats predicted that an amendment to restore the money would trigger a floor debate.
Under the city's financing law, a big spender using his own money could trigger about $600,000 extra in public funds for his competitors who do participate in the city system.
However, Osborne said finance ministers wanted an earlier deal to prevent Greece from running out of money and triggering financial disruption across Europe by the Greeks leaving the eurozone.
While talk of printing money always triggers a call for the fainting couches and smelling salts, and conjures up images of wheelbarrows full of rapidly devaluing Marks, nobody is suggesting that Boris Johnson pops over the Channel with a few suitcases stuffed with cash.
Talking about money can trigger lots of negative feelings such as jealousy and resentment," he wrote.
The warning was meant to replace folly with prudence as a turn in the cost of money could trigger a stampede out of the crowded carry trade.
