That is according to broadcaster and entrepreneur Ivan Yates who warns of repeating past mistakes.Mr Yates harkened back to the late 1970s and early 80s, when the country was in a similar situation to the present day.
"All the knock-on effects and all the production costs on the economy resulted in a period of hyperinflation." "They really loved printing money because during the pandemic they had MMT, which was a monetary theory which said: 'Actually we can solve zero interest rates. This money will never be repaid.'
"It's really important that the government take the medium term view on these issues and listen to the advice of the Fiscal Advisory Council and actually pay down some of the debt and leave us in a position that, when things get really bad in the recessionary times coming ahead, they can actually be a support, that they haven't blown the budget."Mr Yates also wasn't shy about his opinions on the economy of our closest neighbour, Great Britain.
Catch up Ivan it's already started. Twit
Ivan planning another holiday to Wales then 🙄
Amazing that me a mere peasant was flagging this up in 2020 & even before the so called pandemic. You can’t quantative ease to infinity after bailing out the banks & except a good outcome. Sack all your economic advisors.
Says the man on a ministerial pension and who left the country.
A bit late no? The recession will hit long before then
The man who didn’t pay his workers their entitlements, but of course he’s ex FG.
Ya some neck Ivan wen u let Celtic bookmakers become a basket case and ran away from Ur debt the government can't do dat
Good luck with that. Between the shrieking for money from virtually everyone, it’ll be a miracle if the IMF aren’t back here by 2024.
We can do what Ivan did, when the country's bankrupt we can all move to Wales for a year and when we get back all our debts will disappear
excellent solution. Let the government take even more money from the country to prepare the country for what the government have planned. They do not rule me
Put money away and spend it next year when it's worth even less. Good plan!
How about also repaying some of the national debt, from the sale of the Bank of Ireland shares etc? That money shouldn't be used to fund payrises!
That's not their job!!!
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