Paul Sweeney: Following on from Michael Burke's link to Krugman on Tuesday, yesterday Martin Wolf of the Financial Times was quite unequivocal on the dangers of the dash from economic stimulus posed by the “exit strategies” advocated by many economists.
And Lex, the very conservative investor columnist in the Financial Times, described Ireland’s fiscal policy thus: “The process of fiscal adjustment across the eurozone is so arbitrary, so uncoordinated, and – in countries like Ireland and Greece – so savage that the cure is as likely as is the disease to kill the patient.”
Paul Sweeney @paulsweeneyman
Paul Sweeney is former Chief Economist of the Irish Congress of Trade Unions. He was a President of the Statistical and Social Enquiry Society of Ireland, former member of the Economic Committee of the ETUC, a member of the National Competitiveness Council of Ireland, the National Statistics Board, the ESB, TUAC, (advisor to OECD) and several other bodies. He has written three books on the Irish economy and two on public enterprise, including The Celtic Tiger; Ireland’s Economic Miracle Explained and Selling Out: Privatisation in Ireland, chapters in other books and many articles on economics.
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