Sir, – A recent report published in Foreign Affairs magazine contends that it may make more sense for the International Monetary Fund and central banks to give money directly to households as oppose to banks. This extra money would improve the budgets of these individual households, allowing them to spend more, thus helping the local economy, or pay down debts, thus improving banks' balance sheets.
This idea was previously muted by Jon Stewart some years ago. Mr Stewart is an American comedian and host of The Daily Show.
Makes you wonder who we should be really listening to! – Yours, etc,
JOHN GRIMES ,
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The Old Rectory,
Collon,
Co Louth.