Tuesday, August 30, 2011

You Print Your Own Money - Italian Town Does IT

How would it feel to print your own money. Well guys around the world are expressing their discontent with the governments across the world... The problem is worse in West.


But the question remains, how is it better from Euro or earlier Lira? Is it backed by Gold or any tangible commodity? What would stop the man printing it at will and what would stop it from debasing itself... It might be a solution to get out web of austerity measures but surely it may lead to devaluation over the period... Like it happens to any of the paper currencies around the world. 

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