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Szabó, Csaba

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Mandiner - Hungary | 24/08/2015

Central banks must print more money

The latest slump in the international markets has to do with the fact that the central banks are not printing enough money during the debt crisis, according to the economist Csaba Szabó on the opinion portal Mandiner: "In the current financial system, money is generated by debt. More and more money becomes necessary so that the economy can keep growing, whereas the debts cannot grow infinitely. Right now we have reached a point at which everyone has a maximum amount of debt. The central banks have to keep on printing new money in order to prevent the system from collapsing. At the moment we have the problem that the money that has been printed up to now has turned out to be insufficient. For this reason it is necessary that the central banks continue printing money in order to prevent collapse."

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