Investments in armaments are said to boost the economy so effectively that the state budget will receive three or more dollars for every dollar invested. Similarly, investments in green energy are said to boost the economy by a factor of three or more. Investments in supporting migration from Africa will supposedly boost the economy. How many times have we heard this from various economic experts?
The only problem is that it doesn’t work. ‘Quantitative easing’, which essentially involves the state printing lots of new money and handing it over to bankers to buy stocks or bitcoins, has not brought any stellar results either. This causes a crazy rise in the prices of stocks and bitcoins. This does not help the real economy or ordinary people very much.
But what about this? Andrej Babiš promised that, after the elections, he would compensate pensioners for what Fialova’s government had taken from them. What if they received that money (or part of it) in vouchers for Czech goods, valid for 12 months? Of course, it would be necessary to define what constitutes a ‘Czech good’ suitable for this purpose.
Shouldn’t such considerations be the concern of economic advisory bodies? They could focus on that instead of constantly trying to drive down local wages by importing manual labourers.