Useful Stuff

I added some more useful links in the left hand panel of Volewica; two links to Wikipedia articles on debt.

Did you know that the US's public debt is over 100% of GDP?  Why aren't US bond yields where Spanish bond yields are?

Because the US has its own currency and a Central Bank which can print it.

All the ECB has to do to stop the Euro and the European crises is print money.  All it needs to do is say that it will buy Spanish government bonds to whatever extent necessary to keep yields from rising above, say. 6%.  Bam!  End of crisis.