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.
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.
Prices are set by the market. They can only charge as much as people will pay.
Obviously currency sovereignty isn’t the only tool to redistribute wealth, but it’s one of them! Do you not understand how much austerity is caused directly by governments not being able to print money to fund the government?
If a country using the Euro wants to build public housing, it has to raise taxes or cut spending. If a country with currency sovereignty wants to build public housing, they just print money.