Austerity does lead to prosperity but the left just doesn’t get it

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By Eamon Delaney I’m an old school media consumer and I have boxes of old cuttings which I go through occasionally to de-clutter. It is fascinating. You can see the how the big issues reoccur and develop, both in Irish and international affairs. It is especially instructive to see the ongoing coverage of our economic crisis from the bust of … Read More

Chasing the grey vote will put us into the red

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By Eamon Delaney The recent granny grant proposed from Shane Ross TD and his fellow Independents, has to be one of the craziest budget ideas of recent years. But this week the Independent TDs ran it close with another hare-brained notion, which was that the elderly should be exempt from paying property tax. Yes, just like that. Why do people … Read More

EU is flawed but Irexit would be a mistake

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By Cormac Lucey A new party campaigning for Ireland to leave the European Union has been recently launch. Those involved include Ray Bassett, a former Irish ambassador, and Ray Kinsella, a professor at University College Dublin. The spokesman is Hermann Kelly, who heads up communications at the European parliament in Brussels for the Europe of Freedom and Direct Democracy group, … Read More

Arguing tax and economics with Pearse Doherty TD

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By Cormac Lucey Last week I took part in a radio debate with Pearse Doherty, the Sinn Fein finance spokesman, about the 2019 budget. Doherty argued that pressing social needs require additional taxation. His debating style is an example of one of Thomas Sowell’s insightful sayings. The first lesson of economics is scarcity: there is never enough of anything to … Read More

Insiders generally look after insiders

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By Cormac Lucey One of modern life’s great pejorative put-downs is to describe somebody as a “conspiracy theorist”. To be honest, I am comfortable with the label. I am a suspicious person and I do believe that powerful interests very often suppress information about what they’re at and to gain information about what everyone else is up to. Indeed, a … Read More

Is your money still safe as houses or are property prices about to crumble?

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By Cormac Lucey Conflicting signals seem to be emerging from the residential property market. Last month The Economist reported that Dublin house prices were 25% overvalued compared with incomes. In August, a survey carried out by the Central Bank and the Society of Chartered Surveyors of Ireland reported that most industry experts now expect residential property prices to rise by … Read More

Ireland has a huge welfare dependency- and the squeezed middle has to pay for it

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By Eamon Delaney This week we saw a damning assessment by the Government itself on our massive welfare dependency in Ireland. According to the Department of Finance paper, we’ve become a welfare nation ‘overly dependent’ on state payments compared to other countries: almost every person in Ireland benefits, directly or indirectly, from some form of social welfare payment which amounts … Read More

Multinationals obscure our strong indigenous performance

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By Cormac Lucey A century ago, the North was the economically advanced part of the island. This helped unionism mobilise against nationalism: opposing a united Ireland didn’t just involve rejection of Rome rule; it was also a renunciation of economic backwardness. In the ensuing hundred years, and particularly over the past 30 years, the relative economic situation has completely reversed. This … Read More