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If you're independently wealthy, then you may not need investors, at least for the monetary backing.
It needs monetary activism from the ECB.
They want to take their monetary back.
Wikis thrive on people giving something to the community without getting anything monetary back.
To deal with the crisis that's already here, we need monetary and fiscal stimulus, to induce those who aren't too deeply indebted to spend more while the debtors are cutting back.
America doesn't need "monetary policy," and it doesn't need monetary economists.
Christine Lagarde, managing director of the International Monetary Fund, backed the austerity plan this week but also said Britain would need to consider incremental policy changes, which could include more stimulus from the Bank of England, if the economic recovery continued to falter.
"That risks exist should not hold us back from pursuing much-needed monetary easing.
Japan needs looser monetary policy, America needs tighter.
This would require backing the monetary base with reserves of foreign exchange.
Currency boards function with foreign reserves backing the monetary base.
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