In case you ask – the €100 billion Spain will get was made out of thin air – at no cost to anyone

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Spain is to get €100 billion to bail out its banks.

That money has come out of thin air. See here for an explanation.

It has come at cost to no one.

But there is still a question to ask.

If we can do this for banks, why can’t we do it for the unemployed?

Answers on the back of a €10 note to me at the usual address please so I can pass them on to those who need them. 🙂