Dan O’Brien: Politicians on populist spending sprees are a worry for the financial grown-ups
The risk-blindness and complacency of the bad old days seem to be back with the political class acting as though the spending of borrowed money will solve every ill
There was a time when Fianna Fáil’s 1977 election manifesto was a byword for economic insanity. Memories may have faded now, but back then the country’s dominant party promised all things to all people from the wilderness of the opposition benches.
The economic populism contained in that document, and acted upon when the party won power, ended as economic populism always does: in disaster.
For most of the western world,...
Subscribe from just €1 for the first month!
With any subscription you will have access to
Unlimited multi-device access to our iPad, iPhone and Android Apps
Unlimited access to our eReader library
Exclusive daily insight and opinion seven days a week
Create alerts to never miss a subject that matters to you
Get access to exclusive offers for subscribers on gifts and experiences
Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine
Aidan Regan: A tale of one city and a two-tier economy operating beneath it
If you exclude Luxembourg, Dublin is ranked as the most expensive city in the EU to live in but scores poorly for quality of life, especially if you are in the bottom 70 per cent of earners, rent and have children
Ian Guider: Budget does too little to meet the enormous challenges we face
Budget 2022 doled out a small amount of money to everyone and everything, and not enough to those most in need of it
Future of many thousands of jobs uncertain, warns Central Bank
About 320,000 jobs are still being supported by the pandemic employment wage subsidy scheme – which means uncertainty for those workers when scheme winds down
Irish rate of inflation set to ‘peak’ next quarter, analysts warn
The Esri predicted a ‘spike in prices’ for the last quarter of 2021, driven by rising global energy costs and the swell of demand which continues to outpace supply