Look at the state these policies got us into

SO Mary Harney would have us stay competitive to maintain full employment.

She won’t be implementing excessive tax cuts then, nor spending far more than the Government should, thus avoiding the need for expensive special savings schemes to take heat out of the economy and benchmarking exercises to satisfy public servants’ wage demands.

No boom and bust for Mary then, no excessive stimulation of demand, pushing up costs and wages, leaving us with the twin evils of low growth and chronically high inflation leading to lack of competitiveness and loss of employment.