The incoming administration of Prime Minister Kristrún Frostadóttir, which takes over on Sunday, also said it will set up a panel of experts to look into the advantages and disadvantages of retaining the Icelandic crown over adopting the Euro.

  • john89@lemmy.ca
    link
    fedilink
    English
    arrow-up
    2
    ·
    5 hours ago

    Awful take.

    Instead of printing money, they should be raising taxes on their wealthiest.

    • queermunist she/her@lemmy.ml
      link
      fedilink
      English
      arrow-up
      1
      ·
      edit-2
      13 minutes ago

      Printing money does raise taxes on the wealthy. Inflation is a tax on every person with currency. If you print money and give it to the poor to make up for the real value they’re losing to inflation, the tax falls on the wealthy.