Age of austerity

ECONOMIST Richard Tol’s prediction, as he departed his ERSI post, to the efffect that Ireland faces another decade of economic austerity, might be wholly depressing, but it was scarcely a revelation.

It did, however, clarify one nagging question which had been bothering me; for precisely how long might a Government continue pursuing a course of action without it bearing a single positive result?

JD Mangan