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The Paradox of Prudence
Season 2023 Episode 33
Having money is only half the battle, deploying it well is the other half. We look at Ireland's financial balance sheet: we're saving far too much! By saving too much, both at the State and the punter level, we are hiding behind the sanctimonious veil of savings rather than involving ourselves in hard thinking, which is what economics is all about. Economists have a bias towards prudence and prudence only, this is highly costly and is an abdication of responsibility. Money is an energy, we have to use it to drive the economy onwards!
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Published on 2 years, 8 months ago