Russian President Vladimir Putin has urged the West to stop increasing the worthless money supply, saying that increasing the volume of money in circulation is “very dangerous”.
“Increasing the money supply infinitely and uncontrollably is very dangerous. This may lead to the effects that are not visible at first, but they will surely come if we act carelessly,” Putin told people at a ‘Small Business – National Idea’ meeting.
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Putin reacted so to the idea of stimulating the Russian economy by means of “quantitative easing.”
In addition, Putin said that regulatory authorities should promote conditions for normal business activities, instead of collecting fines.
“The idea is to create normal conditions for economic activities. And, of course, one must protect consumers from ineffective business organizations,” he added.