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.
