Sunday 15 February 2009

No more celtic tiger



My favourite quote: "This is how banks operate, when they make loans, they give themselves bonuses"

It is well worth taking note of what the Irish Finance Minister unwittingly says about monetary policy. He outlined perhaps the strongest arguements anyone is likely to hear why the Euro was a bad idea.

I have to give a quick plug for the subofdub blog, where I found this youtube clip.

1 comment:

Anonymous said...

Ireland is foookkkeedd