Tuesday 26 September 2017

Those pushing the property tax would lead us over a cliff

We should be able to punish the economists who give bad advice to public servants, writes Marc Coleman

WHEN SIX Italian scientists were jailed for failing to predict an earthquake in the town of L'Aquila -- one that that killed over 300 people -- some felt it was a little harsh. Others took inspiration from it: Why, they asked, not arrest economists who failed to predict Ireland's economic crisis?

Having warned about the cliff the economy was headed for since July 2005, while stressing Ireland's amazing long term potential, this economist is not afraid of such a trial. But others should be.

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