Some Links & More on Ireland
Hopi Sen has a wonderful post on ‘class war’.
Freethinking Economist has an interesting post on credit ratings agencies.
Finally, I liked this Bloomberg Story.
Dec. 8 (Bloomberg) — Irish government spending cuts aimed at reducing the budget deficit may end up sacrificing long-term economic growth, according to Michael O’Sullivan, head of asset allocation at Credit Suisse Private Banking.
“Arguably the Irish bond market is being saved at the expense of Irish society,” O’Sullivan, 38, author of a 2006 book on Ireland’s economy, said in an interview at Bloomberg’s London bureau. “By cutting spending you lower the trend line of growth and store up bigger fiscal problems down the line.”