• "We will get a smart economy and people in other countries will purchase our hi-tech products."
This is certainly a noble concept as a project plan to lift Ireland out of this nightmare. However, where do those people get the money to purchase our future hypothetical products?
After all, no business can create money. No governments create money. Ironically no high street banks create money. None of the infamous bond markets create money. Only one entity on our planet can expand the monetary supply. These entities are all of the central banks of the world, like the ECB.