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Desperate Quote by George Osborne

“Printing money is the last resort of desperate governments when all other policies have failed.” quote by George Osborne
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“Printing money is the last resort of desperate governments when all other policies have failed.”

George Osborne

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.

Key Takeaway

Avoid reliance on monetary expansion.

Themes

economics policy desperation

Mood

cautious analytical

Type

political economic

When to use this quote

  • recession
  • debt crisis
  • policy failure
  • central banking

Key Concepts

inflation fiscal limits

Questions to Reflect On

  • When is it justified to print money?
  • What alternatives exist before resorting to this?
A Different Perspective

Printing money can cause inflation and loss of confidence.

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