Wednesday, March 10, 2010

Spend, spend, spend

During the week 28 people associated with the Irish Left published a piece in The Irish Times that outlined their preferred policy strategy for Ireland.  The piece is available here and claims “all the wrong options have been pursued”.  The group of 28 have come together under the TASC banner and more of their thoughts are available on the Progressive Economy Blog.

Reaction to the piece has been mixed. Philip Lane and others on Irisheconomy.ie have been moderately positive in this thread. Some dissenting voices emerge in the comments.  On the other side Constantin Gurdgiev is comprehensive in his negative reaction to the proposals.

My scepticism of public works and public expenditure can be related to in the short parable published in The Royal Bank of Scotland Review in 1987 - A Desert Island Economic Tale.

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