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Ireland, Eamonn Gilmore and free lunch economics

Comments

  • #2
    ei.sdraob
    Closed Accounts Posts: 9,376 ✭✭✭ei.sdraob


    New York Times columnist, Thomas Friedman, recently wrote: "We baby boomers in America and Western Europe were raised to believe there really was a Tooth Fairy, whose magic would allow conservatives to cut taxes without cutting services and liberals to expand services without raising taxes. The Tooth Fairy did it by printing money, by bogus accounting and by deluding us into thinking that by borrowing from China or Germany, or against our rising home values, or by creating exotic financial instruments to trade with each other, we were actually creating wealth."

    hmmmmm :(


  • #3
    dromdrom
    Registered Users, Registered Users 2 Posts: 321 ✭✭dromdrom


    ei.sdraob wrote: »
    hmmmmm :(

    Article is by Michael Hennigan, not exactly a crack pot economist (if that is what you were implying). Makes some very valid observations and also deals with a lot of the points being dealt with in this forum recently.


  • #4
    Poly
    Registered Users, Registered Users 2 Posts: 1,807 ✭✭✭Poly


    New York Times columnist, Thomas Friedman, recently wrote: "We baby boomers in America and Western Europe were raised to believe there really was a Tooth Fairy, whose magic would allow conservatives to cut taxes without cutting services and liberals to expand services without raising taxes. The Tooth Fairy did it by printing money, by bogus accounting and by deluding us into thinking that by borrowing from China or Germany, or against our rising home values, or by creating exotic financial instruments to trade with each other, we were actually creating wealth."

    So who is our tooth fairy, Ahern, McCreevy or Cowen?


    "On the key issue of sustainable job creation, the current regime shows no evidence of informed strategic thinking for positioning Ireland in the coming two decades when Asian economic output will exceed the combined total of the US and EU."

    FF/Greens are only positioning themselves so they can get to the summer holidays without a by-election, never mind 20 years!


  • #5
    ei.sdraob
    Closed Accounts Posts: 9,376 ✭✭✭ei.sdraob


    dromdrom wrote: »
    Article is by Michael Hennigan, not exactly a crack pot economist (if that is what you were implying). Makes some very valid observations and also deals with a lot of the points being dealt with in this forum recently.

    oh I wasn't implying anything :)

    i think that paragraph was well written and made me think


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