The Challenge of Institutional Reform
Ed Walsh
The political leadership of ‘nouveau riche’ Ireland failed during
the past decade to make policy based on evidence; opportunity and public
resources were squandered. Now, as
Ireland stares bankruptcy in the eye, we have no option but to abandon the
irresponsible fiscal philosophy of the Ahern and McCreevy era: we
don’t have it, so we can’t spend it.
We must search for something rational and get the words and
policy right.
While expenditure on road infrastructure has clearly been
beneficial, in other areas throwing money at problems has not worked. The most glaring … Continue reading...