Thursday 19 January 2017

If we could print our own money...

Aengus Fanning

Published 04/04/2010 | 05:00

It's not that we are in danger of emulating the Weimar Republic -- it was devastated by hyper-inflation partly as a result of printing its own money.

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We, fortunately or otherwise, are not able to do this, with the result that we are imploding into a deep and long-lasting hole of debt and taxes.

For the lay person, it is impossible to see any way out of this without the intervention of the ECB, the IMF, or both.

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