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Thread: Michael D. Higgins: Economic Ignoramus?

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    Politics.ie Member The System Works's Avatar
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    Default Michael D. Higgins: Economic Ignoramus?

    Michael D. Higgins seriously claimed on RTE Radio that the heterodox Austrian School of Economics was responsible for the repeal of the Glass-Steagall Act and the fact that credit was too cheap during Ireland’s boom period. This is not only a massive factual error, but to my mind a great sign of who people like Higgins are really afraid of.

    Michael D. Higgins should be forced to explain what exactly he believes the Austrian School of Economics is about, as he showed no signs that he knew this during his interview on RTE Radio.

    Just to remind everyone, the only advocate of Austrian Economics in the US Congress at the time, Ron Paul, actually voted against the repeal of Glass-Steagall.

    Ignoramus in the Áras « thesystemworks

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    Politics.ie Member wombat's Avatar
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    Who cares, he's gone to a place where he can do no harm

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    Politics.ie Member Franzoni's Avatar
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    MDH,Glass Steagall.......It's Steven Seagal you need to sort out this mess.......get him in there knocking a few heads together..

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    Politics.ie Member tigerben's Avatar
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    Michael D is a man on the way to a very expensive state funded retirement home, a man of bluster, a committed socialist on huge wage and pensions most of his life, a man who believed we should welcome all and sundry to this small island, and hand out citizen ship like confetti at a wedding, a man that cannot answer a simple yes or no question, without quoting a remark made by someone else , so if he is a economic ignoramus , it wouldn't surprise me!

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    Quote Originally Posted by The System Works View Post
    Michael D. Higgins should be forced to explain what exactly he believes the Austrian School of Economics is about, as he showed no signs that he knew this during his interview on RTE Radio.
    That, of course, probably wouldn't distinguish him from ninety percent of people with advanced degrees in economics.

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    Politics.ie Member Spanner Island's Avatar
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    Despite all sorts of BS claims during the campaign about the candidates creating jobs if elected etc. - the reality is the presidency has no real powers and is more irrelevant than the referendums we voted on.

    So it really doesn't matter if the president is clueless about business or the economy - or anything else really...

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    Economic ignoramus is a harsh term- to qualify you would probably need to apply more stringent criteria.!!!

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    Michael D always did speak up for the weak.such as the people of Palestine. against the might of America
    and Israel.

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    Politics.ie Member The System Works's Avatar
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    Quote Originally Posted by Templar Knight View Post
    Austrians are feral Friedmanites.
    In what alternative universe they could be useful, we can only speculate...
    The Austrian School not only predates Milton Friedman's economic writings by nearly a century, it predates the entire Chicago School itself by many decades.

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    Politics.ie Member Telemachus's Avatar
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    In economic matters he just pocketed a cheque from the taxpayer for 200k in election expenses. I am not sure what school of economics that would be a part of.
    ..the Irish nation can become other than white, by privileging the voices of the racialised and subverting state immigration but also integration policies. – Ronit Lentin

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