[gavinlynch]

>> "The whole point of having a country with a central bank that can print money at will (fiat currency), is to have full control over inflation/deflation."

This exact idea is at the heart of George Soros' description and prescription for the Euro financial crisis, whereby individual Euro members do not control the European Central Banks and cannot control their own situation to their likings: http://www.spiegel.de/international/europe/george-soros-on-t...