Political Control of the Economy…

…can be a dangerous thing.

Morgan Kelly has an excellent op-ed in the Irish Times today giving his opinion on the NAMA (The National Assets Management Agency) approach to Ireland’s banking crisis and I think it is well worth a read.

I think he adeptly exposes the political calculations behind the current government’s response to the banking crisis without sounding shrill or irrational (as too much of the debate on this issue often becomes). Lenihan and Cowen are playing a dangerous game with Ireland’s economic well-being and unfortunately seem unwilling to change the strategy they have selected despite the preponderance of evidence that is confronting us.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s