Currency Woes and the Dance of the Seven Veils
There is a very strange atmosphere in political circles arising from the uncertainty about the future of the Euro. There has never been anything quite like it in recent decades.
A friend of mine is fond of quoting the American humorist and commentator, the late H.L. Mencken, who said that, “If all the economists were laid end to end, they still wouldn’t reach a conclusion”.
Bright Intelligent Fellow From Offaly meets Ban the Man (Photograph by Dara Mac Dónaill) (more…)
Got an intriguing email from Padraig Yeates, formerly a colleague of mine on The Irish Times, now a press spokesman for the Siptu trade union. The heading was, “The Only Economist Who Got It Right”. Who could it be, I wondered? Morgan Kelly? Michael Casey? Paul Sweeney? (more…)
It was one of the strangest weeks in Irish political or economic history. Taking an historical perspective on the crisis: once upon a time we built protectionist walls to preserve us from the vicissitudes of the world market. It was also intended to build up native industry. (more…)