Oireachtas Joint and Select Committees

Wednesday, 22 September 2021

Committee on Budgetary Oversight

Pre-Budget 2022 Scrutiny: Irish Fiscal Advisory Council

Photo of Bernard DurkanBernard Durkan (Kildare North, Fine Gael) | Oireachtas source

To follow up with another question, what are the possible effects of the loading of private savings, of which there is a considerable amount, onto the economy? Will that be likely to contribute to inflation? If so, how might that be controlled? For instance, some economist once said that if one inflates the economy by one means or another, it automatically follows that in order to have beneficial effects, one requires price controls. What would Mr. Barnes’s comment be on that?


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