Michael, who will visit UL in a few weeks, has some harsh words for Peter Sutherland, mainly because Sutherland is focusing on the 'fiscal pain' argument many economic commentators are latching onto. This idea of redemptive punishment for past fiscal, financial, and consumptive sins is catching on everywhere at the moment. It might be instructive to think about monetary solutions to the problem. The clever chaps at www.irisheconomy.ie blogged about a European Stability Fund earlier on this week. Anybody have ideas on how we could use monetary policy to help ease our collective load?
Sutherland has a better plan and idea then the unions 10 point rubbish.
Listen to Jack O'Connor on the Last Word.
http://www.todayfm.com/Shows/Weekdays/Matt-Cooper/Matt-Cooper-Blog/09-02-17/SIPTU_s_Jack_O_Connor_on_The_Last_Word.aspx?ReturnURL=%2fShows%2fWeekdays%2fMatt-Cooper%2fMatt-Cooper-Blog.aspx
I noticed that you linked to the Baseline Scenario post which discussed it, not the Irish Economy post which just offered a link without saying anything. None of those clever chaps chose to offer an opinion either. Strange that.
It's true, sometimes these challenges just end up as screams into the wind, because they get ignored, rather than encouraging debate.