Government 'big money printing exercise' will 'come undone' in 2021 | Sky News Australia

  • 📰 SkyNewsAust
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 78%

Australia Headlines News

Australia Latest News,Australia Headlines

The Institute of Public Affairs’ GideonCRozner says his prediction for 2021 is the 'big money printing exercise' that governments have embarked on in the wake of COVID-19 pandemic - and in the name of stimulus - will 'come undone'.

The Institute of Public Affairs’ Gideon Rozner says his prediction for 2021 is the "big money printing exercise" that governments have embarked on in the wake of COVID-19 pandemic - and in the name of stimulus - will "come undone".

"I think it will cause a financial crisis of some kind," Mr Rozner told Sky News host Paul Murray. "In the years to come I think it will lead to the collapse of government-backed currencies, as we know it, and the rise of a decentralised currency utopia".

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 7. in AU

Australia Latest News, Australia Headlines