Tag Archives | economics

The Failings of Global Aid- is it Time to Make Charity History?

Historic charity

Walking by a lake you see a child drowning. There is no one else around- what should you do? The clear moral answer is to jump in and pull the child out without sparing a thought for potential inconvenience. It has long been argued that the same moral reasoning applies to world poverty- we must more…

Time to end the war in Afghanistan?

Yesterday was the deadliest day so far for the United States of its 10-year war in Afghanistan, as thirty members of the American special forces were killed when the Taliban shot down a Chinook helicopter. That brings the US death toll since the start of the conflict to over 1,000. The UK has lost over 300. more…

Exposing economic literacy as orthodoxy

I suspect that the tenor of the debate around the economy is going to take an ugly turn with the entry of various independents into the electoral race over the next week or two. Prior to the dissolution of the Dáil, there was the grotesque spectacle of Fine Gael and Labour facilitating the passage of more…

What Ireland did right (and what it needs to do)…

What we did right

It is difficult to believe now that one country recently sent 19 delegations to Ireland to study how well our economy was managed. The revelation that our model of economic management featured positively in political and economic discussion in countries including Estonia, Greece and Scotland may also come as a surprise. As we survey the more…

Euro crisis: The Hollow Euro

EU flag

Twice in the past century Germans have learnt, the hard way, the value of sound money. Between 1921 and 1923 the Weimar Republic, under the strain of massive WW1 reparations, fell into a hyper-inflationary death spiral. The Mark plunged in value, measured against Gold Standard Marks it fell from a ratio of 1:1 to 1:1 more…