Ordo Ab Chao

A friend directed me to a recent article by David McWilliams about the silliness of flogging all state assets in a firesale to cover a bank induced collapse in the Irish economy. It occurred to me that since the recession started (bear in mind property peaked in 2006) we’ve seen a huge number of useful and positive suggestions from commentators like McWilliams but very few of these have been taken up. Some have. In particular the idea of a national recovery bond is an excellent one and was suggested on many blogs including this one many months ago.

The Irish Times poll results are largely anti-government. I’ve been looking at them every day and, apart from wanting public sector employees to have pay cuts instead of larger tax cuts for EVERYBODY, there’s almost no area of government economic policy that people seem to agree with. The average IT poll is negative on the government, short term economic recovery, economic policies such as the bank-bailout, NAMA, carbon taxation, health sector cuts etc.