Tag Archives: irish deficit

Told You So…

Haven’t been blogging for a while. Sorry about that. Exams are coming up; essays are due – I’ll get back to all this afterwards. Anyway, I’ve said a few times now that should the government try to reduce the budget … Continue reading

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How I Learned to Stop Worrying and Love the Deficit

‘Underbalancing the budget in a depression is not primarily a deliberate policy but a practical neccesity. I would venture the statement that, with few exceptions, a budget has never been balanced in a depression’ – Gunnar Myrdal, Economist, Social Scientist … Continue reading

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Keynesian Acoustics

Deficits, deficits, deficits. The world economy has gone hollow – and daily do we hear the echo… ‘deficits’. Deficits are bad, we’re told. Common sense is appealed to – you don’t want to spend yourself into the red, apparently… as … Continue reading

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