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Thread: Should Ireland have a Department of Economics?

  1. #1
    Politics.ie Member asknoquestions's Avatar
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    Default Should Ireland have a Department of Economics?

    Would it not make sense to separate out medium to long term financial planning from the finance department? If there had been an economics department in place over the past few years it might have been able to spot that the tax base was unsustainable and that government spending was out of control. The finance department already has a huge amount of responsibilities including tax collection and distribution, treasury function, bank regulation, bank management, NAMA, etc. etc.

    Plus, it would give Richard Bruton something to do...

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    Politics.ie Member sandar's Avatar
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    most countries should dividce the depaRTMENT OF FINANCE into 2.
    one for macro economics and fiscal policy, one for micro and monetray policy
    "Sometimes the best thing a government can do is simply get out of the way"-Vince Cable

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    Politics.ie Member wombat's Avatar
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    Quote Originally Posted by asknoquestions View Post
    Would it not make sense to separate out medium to long term financial planning from the finance department? ...
    Back in the 70's, there was such a minister called Martin O'Donoghue, the result was the 80's

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    There should be and with R Bruton in charge no matter who is in government

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    What purpose would this serve?

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    Politics.ie Member dresden8's Avatar
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    Quote Originally Posted by culmore View Post
    There should be and with R Bruton in charge no matter who is in government
    Richard ain't so good at the counting.

    Anyway, the problem is that these matters are politically influenced. Government "Advisors" run these departments.

    Any new department will also be run by these self-same "Advisors".

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    Why not just include it in a department of religion since that's what economics boils down to?

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    Politics.ie Member wombat's Avatar
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    Quote Originally Posted by dresden8 View Post
    Any new department will also be run by these self-same "Advisors".
    Not sure that would apply if Bruton was in charge - not according to George Lee anyway

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    Politics.ie Member dresden8's Avatar
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    Quote Originally Posted by wombat View Post
    Not sure that would apply if Bruton was in charge - not according to George Lee anyway
    Badum-tish!

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    There should be but who would run it. The current Govt front bench is made up of teachers (6) & solicitors/ barristers. If I am not mistaken there is not one person with an economic or accountancy qualification among our senior ministers.
    What do teachers know about running anything outside the classroom? I am sick listening to Hannafin talking to us like we are pupils in her class telling us she knows what's best for us. It's no wonder the country is in a mess and getting worse by the day.
    A clear conscience is usually the sign of a bad memory

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