let them fall23 Mar 2020 23:48
Economy needs to be reactivated and the States are going to foot this bill or we all be going south...
Some economist talk about helicopter money, some (ECB De Guindos) talk about a universal salary.... for a limited period of time?.
Q: could you write off all existing mortgages in this country (IRE) ?
What would be the consequences if you let the smaller fish EBS / PTSB / Ulster fall and nationalize / inject cash into the big ones BOI / AIB to maintain them functioning for a period of time.
Household Ownership in Ireland is big so i guess you are benefiting a large majority of people.
People affected by the measure ( bank employees laid off) and no mortgage holders, ie FTBuyers, could be then be compensated with long term rent / salary (helicopter money) provided by the state
I know is a crazy idea, but was just wondering what the consequences of doing something like that would have in the economy...