Brendan Burgess
Founder
- Messages
- 53,771
the old joke about getting a one handed economist springs to mind.
Hi Klaus
Funny as that joke might appear to be, the reality is that things are not as simple as one handed economists like McWilliams make them out to be.
Take the bank guarantee. If you read his articles before, during and after the bank guarantee, it was a no risk exercise which would not cost the state a cent. Two handed economists did point out the pros and cons of the guarantee. But for McWilliams there was no con.
I prefer the two handed economists myself.
Brendan