It’s nuts to go meddling in the property market

This is nuts. We have not yet recovered, as a society nor as an economy from the last property apocalypse, before the Government starts to tinker with the market again.

We are as a state incapable of learning. Literally, incapable. A martian wanting to know how Irish economic (mis)management works need look no further than the property market.

Somewhere in Government Buildings there is a man who has a black sense of humour. There we were thinking the spirit of Flann O’Brien was dead and then we get the conjoined announcements this week. On the same day as the Government finally gets around, a mere three years in office, to setting up an inquiry into the property-led banking crash, it also announces what can only be seen as a set of measures to reinflate the property sector.