A discussion about creation of money by central banks through monetizing the public debt

http://blog.andyharless.com/2008/12/will-monetizing-federal-deficit-cause.html

For those interested in money supply:
M3 in the EZ is 9 917 831 billions eur (10 power 9) in february 2014
GDP is 13 075,215 trillions eur (10 power 12)  in 2013

• 1 000 000 000 000 : Billion = 10¹²
• 1 000 000 000 000 000 : Billiard = 10¹⁵
• 1 000 000 000 000 000 000 : Trillion = 10¹⁸