developing fiscal and monetary policies to foster sustainability in Ireland
So I’ve been asked what I’d do to get Ireland past this latest funding crisis.
Answer: I’d announce that in the case of default new Irish govt debt is freely transferable and can be used for the payment of taxes to the Irish govt.
This should facilitate funding for the near term.
This is, not coincidentally, exactly what Smart Taxes have advocated in our Budget submission as Option 2 for the State to get out of its mess. Option 1 remains an ECB disbursement to all Euro-zone economies.
Posted in Money Systems.
– November 18, 2010
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Monday 24th September 7.30pm in the Synge Theatre, Nassau St entrance. The audience will be invited to question a panel of economists who support the introduction of a Site Value Tax in Ireland Constantin Gurdgiev, Ronan Lyons, Karl Deeter, with an international speaker to be confirmed.
Registration not necessary. €5 on the door with concessions
Further information Judy Osborne 086 36 99 575
Press queries Rachel Henderson 086 8438379
THE FAIR TAX Supported by history • Agreed by economists • Feared by the 1%
Great minds think alike!
Keep up the good work.
“The purpose of the Smart Taxes project is to develop policy options to reform fiscal and other financial and monetary mechanisms in Ireland to deliver environmental, social and economic sustainability. “
There is only one long-term solution for Ireland. Become monetarily sovereign like other members of the EU, i.e. the U.K., Denmark and Norway.
Yeah. I mentioned this the last time Ireland wobbled. Turn ‘debt’ into ‘money’. Run a parallel currency.
The other option is to request another Act of Union with the UK. We’re generally quite generous with transfer payments to the provinces. Although I suspect, given history, Ireland would rather join Federal Germany first.