Stephen Kinsella on Economics

Stephen Kinsella on Economics

The domestic economy’s demand for goods grew by 4.5% last year. The Irish economy is growing. It looks strong. So do the public finances. So far, so boring. But, as Tom Waits once sang, the large print giveth, and the small print taketh away.

The Nobel prize-winning physicist Niels Bohr was delighted when he came across a paradox. Bohr argued that only by exploring contradictory and interrelated elements could real progress be made. The Irish economy is one such paradox.

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