Who will take the blame for the Great Depression of 2010?

If Ireland is to be saved in any way, we cannot allow those in control to make a second policy error and lead our country into decline and a depression

7th March, 2009

Is raising taxes the best thing to do in a crisis? What economic theory tells us that, in the face of a meltdown in the economy, the best thing to do is to reduce expenditure and raise taxes? There is none. The lunatics have taken over the asylum.

Making one drastic policy mistake in fuelling the boom with cheap money and tax cuts was bad enough, but making a second one, cutting expenditure and raising...

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