Stephen Kinsella

Stephen Kinsella

Articles by Stephen Kinsella

Budget 2019 has been and gone. What did it all mean?

Budget 2019 has been and gone. What did it all mean?

When it comes to the budget of a nation, to understand what’s going on, don’t look at the headlines. Don’t even look at the text. Look at overarching messages, then the tables, the figures and, most importantly, the footnotes

Budget 2019: Political theatre and policy instrument

Budget 2019: Political theatre and policy instrument

The budget as political theatre implies some hikes in current spending for pensions and other areas, while increasing taxes on hospitality and the usual cigarettes and alcohol

Stephen Kinsella on Economics

Stephen Kinsella on Economics

Why should US or Indian or Chinese monetary policy concern Ireland? So much of what we call ‘industrial policy’ here is really policy for US-based multinationals. Changes to the banking system in the US, and more importantly business conditions there, can signal either good or bad times for us.

Home economics: 'Ownership is everything'

Home economics: 'Ownership is everything'

Housing policy is always political, but it has created a deeply politicised group of people in the have-nots. These people are typically younger and poorer. They are sometimes called ‘millennials’, but I like to think of them as people who are nearly 40

Stephen Kinsella on Economics

Stephen Kinsella on Economics

There have never been more workers, and they have never paid more in tax than today. Household disposable incomes are higher now than they were during the boom, and there are proportionately fewer children as a percentage of the population to look after. Why, then, is there a child poverty problem in this country?

Stephen Kinsella on Economics

Stephen Kinsella on Economics

Ideas matter. Memory matters. Without memory, the quality of our thinking deteriorates. We need to remember why the centre matters, how it has lifted living standards across every continent. Paschal Donohoe gave a speech last week arguing for a re-defined centre: socially engaged and based on action

Stephen Kinsella on the housing market

Stephen Kinsella on the housing market

The system we have set up is driving the negative outcomes we are seeing, where The Economist calculates house prices are 25 per cent overvalued, 10,000 people are homeless, and we can expect another boom/bust cycle in property to come

Stephen Kinsella on Economics

Stephen Kinsella on Economics

Turkey’s economy got out of control because politicians, desperate to hold onto power, used the levers of power to purchase an electoral victory, and the economy overheated from an excess of credit. We know exactly what that feels like.

How multinationals conquered Ireland

How multinationals conquered Ireland

The government has now received two serious warnings about the state’s reliance on a small number of US heavyweights. Are we a victim of our own success?

Kinsella on broadband

Kinsella on broadband

The state will end up carrying the can to roll out broadband to the furthest parts of the country. We must remember what the new public management scholars taught us to forget. The state is the only one who can do it, so the state should be the only one to do it

Stephen Kinsella on Banking culture

Stephen Kinsella on Banking culture

No doubt there are more scandals to come, largely consequence-free for the individuals found culpable. Banks, put simply, are crisis-generating institutions. No bank has been scandal-free. Trackers? They knew what they were doing. They did it anyway.

Kinsella on Brexit

Kinsella on Brexit

Brexit is bad for everyone. Even the Brexiteers. They know this. They don’t care. Ireland needs to become an intolerant minority within the EU. We need to start saying to everyone it’s not grand. It’s far from grand. And without a backstop, we are goosed

Where will workers be when the world changes?

Where will workers be when the world changes?

Unions must reinvent themselves in order to respond to the current technological, financial, and global revolutions

The Shape of Water

The Shape of Water

However water is paid for, and whoever delivers it, the future isn’t only to be found in domestic water metering, but in the efficient conservation of water through taxing businesses and investing in water planning.

What does a trade war mean for Ireland?

What does a trade war mean for Ireland?

US president Donald Trump has a new campaign slogan, ‘Promises Made, Promises Kept’, as well as new tariffs on imports from China, and possibly the EU. With the highest debt per capita in the EU, the new US policy could pose a big risk to our economy