Today's Crisis Conference a gathering of top economists

[kellsangel]

well worth a browse


Responding to the Crisis


Philip Lane (TCD): A New Fiscal Strategy for Ireland http://www.irisheconomy.ie/Crisis/LaneCrisis.pdf



Ciaran O’Hagan (SocGen Paris): How Much Can Small Sovereigns Borrow? http://www.irisheconomy.ie/Crisis/OHAGANCrisis.pdf



Colm McCarthy (UCD): Expenditure Control and Fiscal Consolidation


http://www.irisheconomy.ie/Crisis/McCarthyCrisis.pdf


Discussant: Karl Whelan (UCD)



Coffee at 15.45



16.00 Session 2: The Property Bubble and the Banking Crisis



Chair: Brendan Walsh (UCD)



Patrick Honohan (TCD): Resolving the Banking Crisis






http://www.irisheconomy.ie/Crisis/HonohanCrisis.pdf

[Oblivion]

Thank Christ, we're saved. They're calling in "top economists"!



Captain: "Call off the life boats, lads. We're going to be fine after all."

Officer: "But... sir.... we've already hit the iceberg. Five decks are flooded... shouldn't we prepare to -"

Captain: "Nonsense! There's nothing to worry about! We've got some top economists on board!!!"

[kellsangel]

A bit like telling us why the titanic sank

They are telling us the lad that was supposed to watch for icebergs either did not notice them or that he was blind.

they will not fix it for us. they can only tell us how.

Bad news is that insurance won't cover the damage and we have to pay for it ourselves

[toxic avenger]

Oh goody! Can I come? I love a guessing game....

[junketman]

The government needs to set up a committee immediately to propose a way out and a way forward and appoint many of these economists to that committee as well as leading industrialists, entrepreneurs, etc. It's ludicrous that we are not calling on the best and brightest to lead us forward and instead the country is pulling in different directions.

[kellsangel]

Interesting graph on taxes v asset taxes on page 25 ditto following pages

http://www.irisheconomy.ie/Crisis/LaneCrisis.pdf