Wednesday April 8, 2020

Cutting public spending is key

There are three principal problems facing the Irish government and the society it was elected to serve. One of them, it can do nothing about. One of them, it can take some steps to address, though the government cannot alone solve it.

14th February, 2009

And one is entirely within its power to solve.

The international financial system is broken. This is not the government’s fault, and there is little it can do about it. A new system, based on the same principle of distributing capital efficiently through the financial markets, will emerge, though it is likely to be more heavily regulated and less complex. In the meantime, we will all have to live with the consequences.


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