tag:blogger.com,1999:blog-8817171247555815363.post2788203687139170562..comments2024-03-26T05:57:44.937+00:00Comments on True Economics: Economics 19/10/2009: A proud member of National MediocrityTrueEconomicshttp://www.blogger.com/profile/07350536454228478974noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-8817171247555815363.post-18110783875567100472009-10-20T17:01:06.600+01:002009-10-20T17:01:06.600+01:00MK, welcome to the club - none of us count - Joe S...MK, welcome to the club - none of us count - Joe Soaps or Professors or whoever we might be. The critics of Nama have shown time and again that:<br />(a) Nama won't work to deliver what the Government hopes it will (so there is no real positive benefit to the economy);<br />(b) Nama will be a drag on economy and taxpayers resources for many years to come;<br />(c) Nama is morally, ethically and socially wrong solution;<br />(d) there are better alternatives to dealing with the banking crisis than Nama;<br />(e) the current leadership and its 'experts' and public officials cannot deliver accurate forecasts, estimates and evaluations of the proposed solutions no matter how much we pay them;<br />(f) Nama and the process of its implementation are affronts to democracy and the principles of proper governance.<br /><br />And yet none of this counts. Instead of listening and trying to improve legislation, the Government is simply pushing it through, by indirect and direct pressure on electorate and analysts.<br /><br />None of us count! And yet we have to keep our own dignity intact in all of this, even if this means voicing our disapproval knowing that it won't yield desired results.TrueEconomicshttps://www.blogger.com/profile/07350536454228478974noreply@blogger.comtag:blogger.com,1999:blog-8817171247555815363.post-52615327763980916342009-10-20T16:37:53.954+01:002009-10-20T16:37:53.954+01:00I realise I dont count as I am just a Joe Soap but...I realise I dont count as I am just a Joe Soap but for the records I'm anti-NAMA ......<br /><br />and anti- the government endorsed shenanigans that got us into this mess in the first place ..... !!<br /><br />MK1MK1noreply@blogger.comtag:blogger.com,1999:blog-8817171247555815363.post-54114674401488672892009-10-19T21:53:38.272+01:002009-10-19T21:53:38.272+01:00I appreciate your analysis and economic nous as ap...I appreciate your analysis and economic nous as applied to the issue of NAMA but one should hardly be surprised that the minister disregards everything you and other economists say and ploughs on regardless. NAMA is not about economics, it's a criminal heist. Perhaps if yourself and some of the other economists moved on from simply outlining its economic illiteracy and spoke in the kind of terms we hear from Mike Whitney, Mike Shedlock, Max Kaiser et al and described this in withering terms as a criminal endeavour by the local cartel of an international syndicate you might begin to make some headway, or at least some waves. This is politics not economics and so should be met with politics.civic_criticnoreply@blogger.comtag:blogger.com,1999:blog-8817171247555815363.post-18361577186629011342009-10-19T15:33:24.578+01:002009-10-19T15:33:24.578+01:00The notion that pro-NAMA economists are 'not p...The notion that pro-NAMA economists are 'not prepared to [support NAMA] publicly because in Irish academic class, people don’t criticise other people’s books.' is the most precisely Orwellian thing I've ever heard in this country. The truth about people being afraid to speak out is exactly the opposite of what the minister suggests.Paul MacDonnellhttps://www.blogger.com/profile/17707637371855622418noreply@blogger.comtag:blogger.com,1999:blog-8817171247555815363.post-43116740391775714942009-10-19T15:31:54.576+01:002009-10-19T15:31:54.576+01:00Mr Lenihan the lawyer disingenuously states:
"...Mr Lenihan the lawyer disingenuously states:<br />"But of course they are not prepared to say so publicly because ...."<br /><br /><br />In Russia and in Ireland the true economic situation may be:<br /><br /><i>In what is effectively a one-party autocracy run by an invisible cartel only a non-tenured fool or a very rich fool would say anything publicly.</i>The Galway Tenthttps://www.blogger.com/profile/05785991600065262397noreply@blogger.com