Smart Taxes Network » government-bank http://smarttaxes.org developing tax policy for sustainability in Ireland Mon, 06 Feb 2012 15:10:01 +0000 en hourly 1 http://wordpress.org/?v=3.2.1 Smoke and Daggers of Money Creation http://smarttaxes.org/2009/06/19/smoke-and-daggers-of-money-creation/ http://smarttaxes.org/2009/06/19/smoke-and-daggers-of-money-creation/#comments Fri, 19 Jun 2009 11:18:20 +0000 Emer http://smarttaxes.org/?p=1152 Ellen Brown is one of the clearest thinkers and writers about the current crisis in the US.   She advocates  here that the US government use whats left of TARP funds to capitalise a government bank that can multiply the funds by ten for investment in productive sustainable infrastructure.

The Irish government could copy that strategy to maximise taxpayers contributions, both current and that committed in the future by the sale of bonds.

Inflation as she explains will not be a problem when conventional banks cannot lend to fill the void left by the shadow bankers strike. Therefore there is no danger of too much money chasing too few goods and services.

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