FT Editorial on the Irish economy

You can read it here.

7 replies on “FT Editorial on the Irish economy”

Well, according to that, NAMA is a no lose situation for the Irish taxpayer/government and the banks are on the smelly end of the stick. Now that’s what I call ‘editing’ in the widest sense of the word. Talk about only telling half a story.

Ireland Inc. seems to be alot more concerned about international opinion than local opinions about Nama.
Perhaps an interview of the minister by FT will now be in the offing?

A Pause for some Praise.

Well done to Philip for setting up this blog and his regular seeding of treads on the site.
I must single out Karl Whelan for his dogged questioning of the Government’s response to the financial crisis, in particular his invaluable exploration of the NAMA proposal.

Thanks also to other regular posters such as Richard Tol, Patrick Holohan, Brendan Walsh and Alan Mathews.

I studied economics to degree level over 20 years ago and at the time I was impressed by Joan Robinson’s stated reason for studying economics;
“The purpose of studying economics is not to acquire a set of ready-made answers to economic questions, but to learn how to avoid being deceived by economists.”

The quotation should of course be modified to state “learn how to avoid being deceived by some economists.”

Studying economics and reading blogs like irisheconomy.ie also helps to avoid being deceived by some politicans who may or may not be advised by certain economists.

Go raibh maith agaibh.

The power of the FT.
The yield on 10 year Irish government bonds fell by 16 basis points today. The spread over a 10 year German bond is now 136 basis points; the lowest since the start of the year.

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