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Sumner has argued that the Fed could have set a public target for nominal G.D.P. and committed itself to printing as much money as needed to get there.
Essentially, the bank must become the lender of last resort, printing as much money and buying enough Italian debt to stabilize the situation to allow time for longer-term remedies.
"We'd make printing as much a nonevent in the online world as it is in the desktop world," said Pradeep Jotwani, the unit's senior vice president in charge of the supplies business.
More important, there were no restrictions that would have prevented Arthur Budovsky (who founded Liberty Reserve) from simply printing as much currency as he wanted and using it to buy illicit goods.
By printing as much paper money as necessary.
It's just not printing as much.
Similar(53)
The government printed as much money as it could, and inflation was running out of control.
So it can print as much as it likes.
Instead, it could print as much money as it felt it needed to.
The central bank can print as much money as it wishes.
The New York Observer prints as much as two broadsheet-size pages each week.
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