Celtic tiger de-clawed
Is Ireland a good example for a future independent Scotland?
Perhaps not. See here.
I walked past Bute House yesterday and wonder if they were thinking along these lines for Scotland:
The Irish economy rests on the precipice of devastation. Government interventionism has left Ireland with little room to maneuver in this difficult economic climate. The answer to Ireland's economic woes is not further government intervention in the economy, but a return to economic liberalism, small government, and sound monetary policy. Ireland needs to look closely at Austrian economic theory and take a step back from the dissolving, failed Keynesian model. Ireland needs to return to a firm base: it must eliminate, or at the very least curtail, its leviathan public sector; it must bring inflation under control through responsible monetary and fiscal policy; and it must cut down government economic controls in order to bring lasting stability to its economy.
posted by David Farrer at 06:31
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