2008 FEASTA SEMINAR SERIES
Converging Crises, Policy Responses
Thursday 26th June
An inflation is needed for two reasons. One is that, as energy prices rise in relation to labour, the cost of everything needs to change by differing amounts, and the only pleasant way this can happen is if all prices move up. The other reason is that the burden of debt being carried in Ireland has got out of step with incomes. Asset values are also out of line. An inflation would correct both relatively painlessly. But who would create the money which allowed the inflation to happen?
Part of a series of five seminars presented by prominent Feasta members in Dublin, in June and July 2008. You can read about the seminars in more detail here feasta.org/events/general/2008_seminars.htm
Series introduction with Richard Douthwaite and Minister Eamon Ryan vimeo.com/5667039