Timely warnings were issued by academic commentators in both Iceland and Ireland long before the collapse. On Iceland’s sidelining of its most internationally-prominent economist, see my recent book review for the Irish Times. The Sunday Independent afforded me the chance, a few weeks ago, to review the policy concerns that I had been expressing over the last decade (see here). I was not in any way a lone voice, but the space allotted allowed me examine only my own record. I was particularly disappointed to see Minister Eamon Ryan coming out with as ignorant a reaction to academic economists’ interventions as Denis O’Brien’s.