He also expressed his confusion that the size of the indebtedness problem is not known and the need to change the line of economic policy.
He believes that central banks are the root cause of the problem because they have implemented excessive asset purchase programs that have distorted public understanding of the realities of the economy and fiscal policy.
“It has led many to think that money is free and debt is risk-free,” he said, echoing concerns about continued measures to increase money in an economy that is not based on economic growth or production.
Niinistö told Turku Sanom that a more cautious approach is needed in society as a whole. According to him, the defense forces should also check their expenses and priorities in the future, just like in all other industries.
“Although the expenses of the defense forces are currently quite fixed, that does not mean that the rules of prudent economy do not also apply to the defense forces,” he commented.
Aleksi Teivainen – HT
Source: The Nordic Page