Throughout the semester, we have discussed monetary problems surrounding debt and debt monetization besieging a number of countries today. a. What is debt monetization and what is a typical consequence of this practice? b. Do you think central banks in these countries are relatively independent or dependent on their respective federal governments? c. Given your answer in (a) and (b), do you think that these monetary problems are improved or made worse by the presence of central banking, as opposed to free banking or central banking backed by gold? d. Some observers have argued the people in these countries are forced to endure these problems because they live under authoritarian regimes and so the people have no choice. Given that changing these regimes (by coup, by vote, whatever) tend to make only small differences, what might be an alternative explanation for these persistent problems?