Duke of Marmalade
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McWilliams' problem is that he has typecast himself - he has to pull unconventional rabbits out of a hat every time.
Ahh! I thought I might flush out a closet McWilliams fanI think voices like McWilliams are important, even if they just cause people to question the mainstream views of how to react to this or any other crisis.
He’s entertaining and gets more people talking about economics, even if only to conclude that simplistic silver bullet solutions are rarely the solution.
Yes Colm McCarthy is sound though he has a bit of a bee in his bonnet that the ECB shafted us on the bail out.I find Eamon Dunphy's podcast, The Stand, is actually very good in terms of COVID economic discussion. He often has episodes with Dan O Brien and Chris Johns on together. Definitely worth a listen.
McWilliams is a total quack at this stage. I'm guessing he has some sort of Winning Streak type spinning wheel in his home where each segment has a more bizarre, out-there idea than the next, and he just gives that a spin before putting pen to paper or recording a podcast.
What's the story with Colm McCarthy? I always found him very insightful and straight-talking when it comes to the public finances and enjoy his articles. Has he had any formal government advisory role since An Board Snip Nua?
How dare you!!Ahh! I thought I might flush out a closet McWilliams fan
I'm a fan of Pascal alright.Thankfully these days nobody that matters takes him seriously. O'Donohue had no problem immediately rejecting his (not original) helicopter money idea.
It was a masterstroke; it made him a fortune.Unfortunately it was not always so. In 2008 Lenihan consulted the oracle (as He is fond of reminding us) and the result was the blanket guarantee of all deposits including those in Anglo and INBS. A move which McWilliams immediately acclaimed as a masterstroke, His masterstroke.
I see David McWilliams has a regular IT Saturday slot.
I was thinking the same thing!He has mentioned it numerous times so I can only assume he has a book in the works
I subscribe to the IT and read his contributions most Saturdays. On the whole I find his posts worth a read however I don't agree with much of his solutions. One idea he has mentioned before however is that of the government receiving shares in the multinationals operating here with the idea of building up a sovereign wealth fund. I think this could be worth exploring.
Last Saturday he referred again to a term he is trying to coin called Pandession. He has mentioned it numerous times so I can only assume he has a book in the works
Maybe, but I always look for the good in people and not take strong positions on things.He'll remind us all ad nauseam how he coined the phrase á la "breakfast roll man" if it gains any sort of traction. He's a serious egomaniac. He must mention his prediction of the bubble bursting and his VIP consultation with Brian Lenihan about 3 times a week.
He'll remind us all ad nauseam how he coined the phrase á la "breakfast roll man" if it gains any sort of traction. He's a serious egomaniac. He must mention his prediction of the bubble bursting and his VIP consultation with Brian Lenihan about 3 times a week.
in fairness to him "breakfast roll man" really nailed it at the time but it wasn't really that original as he borrowed it from "white van man" invented by the UK tabloids to describe a demographic that read their papers and swung elections in the UK, eg it was "white van man" that won it for Tony Blair.He'll remind us all ad nauseam how he coined the phrase á la "breakfast roll man" if it gains any sort of traction.
I am hearing this more & more. The argument is usually that it makes sense to borrow as rates are so low. What is never mentioned is that governments never actually repay the debt but roll it over....we are therefore at the mercy of the markets at a future date to give us a decent rate for the money we borrow today.... to borrow our way out of the coming recession.
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