A few weeks ago, veteran political commentator Vincent Browne (@vincentbrowne) spoke of the “practiced helplessness” of Irish men. In his article he said men fail to do the most basic tasks around the house and described it as: That learnt inability to do the most basic chores, an incapacity to cook, to clean-up, to change…
David McWilliams is always worth a read, and today he warns that Britain’s huge deficit — remember their stimulus during the credit crash? — will put huge pressure on the value of Sterling. Unless the Euro follows it down, our goods will become more expensive in this hugely important market. Here’s how it ties in…
Waxing biblical, David McWilliams suggests Greece, and by extension Ireland, invoke the Bible as a reason for working out of the mountain of debt the government has foisted upon us. McWilliams cites Deuteronomy, which calls on creditors to release their debt every seven years. One version I found on the internet starts off like this:…
I usually read David McWilliams’ column in the Sunday Business Post. They are informative and easily understood. I also read articles by other economists who disagree with him, but they don’t write as well. McWilliams says, that based on past history, a sovereign Greek default is likely. Ireland needs to prepare, he says, because, with…
David McWilliams continues to question the sanity of the government’s approach to the banking crisis. His latest column, in yesterday’s Sunday Business Post, draws on his experience as a trader in the defaulted-debt market. Echoing remarks made last October by Nobel laureate, Joseph Stiglitz, McWilliams says capitalism should be let run its course and the…