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by rwmj 869 days ago
The government can simply print real money any time they want (or lean on the European Central Bank in the case of Germany). Why would they want to hold a useless tchotchke instead?
2 comments

Printing money doesn't increase the amount of money in real terms.
Yes, it does. Because then there is more money.
Economics 101 might be a good idea before engaging in economics discussions.
Because that "useless tchotchke" is going to be a life preserver for their government when the boat they've been shotgunning holes into the side of (their own currency) for 60 years finally sinks.