More money for more debt

When the financial crisis happened they, who know of such things, told us our prices were too high, we were spending beyond our means and had too much debt.

We would have to pay off our debts, reduce wages and prices in order to reduce inflation and stimulate growth. So we did.

Now that we have the lowest inflation and the fastest growth, they are going to shower us with money (through quantitative easing) so we will borrow more, spend more and so increase prices and inflation. Oh and reduce growth to sustainable levels.

Does anyone else think we are being sold a pup, especially when QE will be given to the banksters to land us more of what we don’t want — more debt.

Kevin T Finn

Kingston Close

Mitchelstown

Co Cork