I agree with WG’s belief that a large part of the problem is what he calls malinvestment, and I’d call rentierism and zombie businesses. I don’t agree that we should have let the economy crash into d… (View Post)

I think Brown et al did what they could to stave off an almighty and profound disaster. If Ireland outgrew the UK in the years after 2008 I would argue it was because it had fallen so far (similar to… (View Post)

Personally I think the entire generation under 50 have been sacrificed. You either can’t afford to buy a house, or you’ve bought with heavy leverage and even then are unlikely to have been able to af… (View Post)

Because, if they did, they would suffer a mental breakdown. I’m serious. They’ve fucked the country so badly, to take it on board would be psychologically disastrous. (View Post)

There was literally rationing in 1953. On the other hand, the future looked shiny. (View Post)