Cryptid
New Member
What's the stupdiest way the State can intervene big-time in the economy to get things going again?
Buy up the bad debts for twice of what they are now worth. It'll more than double the National Debt. Nobody gets employed, no roads, hospitals, schools etc get built as a result of it. It might slow the collapse in the property market and we can say to other countries that no Irish banks collapsed. FFS!
It's like there's kids deciding on the economic policy in this country.
Buy up the bad debts for twice of what they are now worth. It'll more than double the National Debt. Nobody gets employed, no roads, hospitals, schools etc get built as a result of it. It might slow the collapse in the property market and we can say to other countries that no Irish banks collapsed. FFS!
It's like there's kids deciding on the economic policy in this country.