Desperate Quote by George Osborne
“Printing money is the last resort of desperate governments when all other policies have failed.”
About This Quote
Source Speech: Treasury Statement, UK, 2012
Governments may resort to printing money only after all other policies fail, indicating desperation.
In simple terms: Printing money is a last resort.
Avoid reliance on monetary expansion.
Themes
Mood
Type
When to use this quote
- recession
- debt crisis
- policy failure
- central banking
Key Concepts
Questions to Reflect On
- When is it justified to print money?
- What alternatives exist before resorting to this?
Printing money can cause inflation and loss of confidence.