Monday 19 February 2018

David McWilliams: The economy cannot be transformed by 'doing nothing', Enda

the Irish central bank used
the Irish central bank used "magic" to invent money for the shell Anglo in order to pay back its creditors
David McWilliams

David McWilliams

The Government's new economic strategy was unveiled yesterday. It is supposed to outline new thinking for the next decade. Yet it seems very much like everything else that we have ever seen before.

It is long on things we "must" do, making it read like an early new year's resolution list. It is not so hot on the things we are actually "going" to do. It's full of good intentions like promising to go to the gym, eat less chips and cut down on pints, without committing to actually getting up on the treadmill at 8 this morning.

The document, written in nice, big-spaced green writing, with lots of bare white unfilled pages, reads like more of the same. This unsatisfactory feeling was backed up by the quotes from the Taoiseach, saying this was "no time" for change.

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