The Other Money Heist

Sometimes fiction offers better lessons in political economy than reality. “Money Heist,” the Spanish TV series that is having a big global impact thanks to Netflix, gives us a very important one (no, I won’t spoil it).
The Premise: “The Professor” directs a gang of robbers who assault the Royal Mint of Spain in order to print 2.4 billion euros and hopefully take off with the money. His argument: we are not stealing from anyone because we are printing new notes, just as the central bank does today by creating euros out of thin air. The European Central Bank (just like

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