Stephen Kinsella: Centuries of financial crisis underline need for radical reform
WE like to think we are special in Ireland, that, somehow, the post-boom transition we are going through is as unprecedented as it is unpleasant.
This is not the case.
The insularity of our collective perspective blinds us to the lessons learned in other places and at other times, and it is costly. In fact, we are part of a longer term problem all developed economies like ours share. We can't have a high level of public spending and low taxes in an era of globalisation, where markets and countries are connected as never before.