Aidan Regan: Now is the time to rethink the state’s role in our economy

Easier access to borrowing on bond markets, a lower than expected budget deficit and rising property prices offer opportunities to expand universal public services and reshape Ireland Inc

10th January, 2021
Aidan Regan: Now is the time to rethink the state’s role in our economy
Property market: a report has shown that house prices have actually risen during the Covid pandemic

There were three events last week that revealed a lot about the nature of the Irish economy, the politics of public financing, and the future of electoral conflict. They set the stage for a discursive battle over what economic ideas inform public policy, and how the public finances should be used for the next few years.

First, the Irish state raised more than €5.5 billion by issuing 10-year bonds at fixed negative real interest rates...

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