The Seanad referendum is drawing near and the campaigns are in full swing. What is interesting is how well mobilised the No side is and the arguments they are using. Rather than a rational debate based on political realities, the No side has resorted to hysteria and fantasy. Even the name of the main opposition group, Democracy Matters, implies that a democratically elected government putting the decision before a vote of the people is somehow engaging in dictatorial actions. The vote is being ridiculously described as a power grab while reform is being held as a panacea that no one seems to be able to describe. Continue reading “Democracy Matters – But The Seanad Does Not”
In Ireland it is common for people to go abroad towards the end of college to somewhere warm and work for the summer. J1 visas are easy to get and it’s a great experience. You get a job for the summer, go drinking and do a bit of travelling. I was no different and this summer I sent 3 months in America with a group of my Irish friends. There were seven of us in a 2 bed apartment house, which was a smaller group than most Irish; it was more common to have 10-15 people in a house. It was a fantastic experience and I don’t regret it a bit, but this post is not about my J1, but rather one part of it, my job. Continue reading “Overworked and Constantly Shouted At – My J1 Working Experience”
The financial crisis and recession has turned economic thinking on its head. Economic textbooks which presume recessions never occur and unemployment is a voluntary decision have failed to keep up. However, luckily there have been a group of economists who have created theories that describe the world as it really is, not as they wish it was. They took key insights from the Roaring Twenties and the Depression Thirties and individually developed theories for how the economy boomed and why it went bust. There is Hyman Minsky’s Financial Instability Hypothesis, Irving Fisher’s Debt-Deflation Spiral, Richard Koo’s Balance Sheet Recession and John Maynard Keynes theory of aggregate demand. Each explains a part of the business cycle, today I want to piece them altogether to create an overarching theory. Continue reading “A Minsky-Fisher-Koo-Keynes Theory Of Boom And Bust”
I nearly fell out of my chair with shock when I read the e-mail asking me to write a chapter for a book on Ireland’s future. Twenty young people from all different areas were to present a vision for Ireland’s future and the wonderful Lou Hodgson thought (for some reason) that I had something to offer. Six months later, the first copy of the book has arrived and it will be in shops next week. Its called “New Thinking, New Ireland” and I still cannot believe I’m part of it. Continue reading “I’m In A Book!”
A guest blog I wrote for Prayson Daniel explaining why I am not a Christian. My reasons are: it doesn’t make sense, God’s lack of revelation plus general lack of evidence, the problem of evil and the general disgrace that is the Catholic Church. Check it, its worth a read if I say so myself.
As an Irishman I am surrounded by Christianity and Catholicism in particular. My family is Catholic as are my friends, relatives, neighbours and pretty much everyone I come across. In fact, throughout our history being Irish and being Catholic were considered the same. The Church traditionally had a major influence on the country and still exerts control over schools and hospitals. I was raised Catholic, was an altar boy and even used to say a decade of the rosary every night. So why I am no longer a Christian?
The first and most obvious point is that Christianity doesn’t make any sense. This is a point that most Catholics will admit and try not to think about. How exactly is Communion the same as eating the literal flesh of Jesus and why would you want to do it? Can anyone truly state with a straight face that the Pope is…
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On the weekend I saw the new film “Elysium” starring Matt Damon. I was blown away by it and its social commentary. Although at times it resembles an action film, it is in reality an allegory for our present times. It is a warning of what our future could be. Set in the year 2154, the world looks like Republicans and libertarians won the fight to dismantle the government. The inequality between the 1% and the rest has been driven to its extreme and all the rich people have evacuated Earth and are now living in a space shuttle named Elysium. Meanwhile Earth has descended to the level of an abandoned Third World ghetto.
The crisis has given rise to a range of new ideas and theories to replace the discredited view of the economy. The newest and most imaginative of these is known as Modern Monetary Theory (MMT) and is one of the first theories to owe its growth to the internet. Without a doubt MMT is radical and completely turns established economic thinking on its head. If it is correct then it would change the way we think about the economy forever.