We are already laced up as if we're in a fiber optic corset, if you like.

Now we have to picture Alan Greenspan in a black leather corset, with a butt tattoo that says, Whip inflation now.

The European Central Bank can make available all the euros needed to backstop Italy s debt. And printing them would only offset, through mild inflation, the effects of the otherwise Draconian relative price adjustment that is taking place under the corset of the common currency.