It wasn’t our fault, the regulators should have stopped us!
Or so economist Stephen Kinsella reports on his blog after attending this weekend’s economic conference in Kenmare.
More to the point he says:
“Track records matter. Banking mouthpieces should not be given the same credence as independent commentators, for the simple reason that they represent institutions that can gain or lose from the application of a particular policy implementation. Their views should be discounted to the extent that their institutions can profit from a particular course of action. Yet the opposite seems to be the case in Irish public life. Mr McArdle’s views are aired, banking economists are listened to by the media, while dissenting voices are hushed, rubbished, or just plainly ignored.”
Categories: Opinion
Economist, Pat Kinsella

Corrected!
Thanks