Dear Reader,
This website was set up eleven years ago. Jesus, time flies. Back in 2000, it was clear to me that we were at the beginning of a cycle which would see an enormous bout of credit-driven inflation, leading to a crash and giving way to a period of deflation and stagnation. This can be seen as a twenty year super-cycle which will take a few more years to complete.
Many argue that we can learn a lot from history so, as the archives on the site are now substantial, it is interesting to go back and see what was on my mind ten years ago and five years ago. As result, just for curiosity and also to keep us wise to the fact that what happened in Ireland can happen elsewhere in different assets or countries, I will post a link each week to what I was writing on that very week ten years ago and five years ago. I hope you enjoy it.
10 years ago this week
Borrowing Bubble About to Burst
5 years ago this week
Our Future is not in the EU Alone
Best and thanks for your support, comments, critiques and suggestions over more than a decade.
David
I always found it to strange, and of course this is only a personal observation, to what extend economists in general have cultivated a self referential sense of Importance.
As you say David, “Many argue that we can learn a lot from history” however I was learned long ago that what we learn from history is that we don’t learn from history. This is obvious when we consider the ACT of Union of 1800, we joined with a entity that was much larger than us, and would always make decisions in it’s own interest, rather than for the good of all. So it was with Britain, so it is with Germany. Germany is too strong in Europe, and even more so in the Euro zone. We were wrong to… Read more »
The budget December 2011 will be the straw that broke the camels back.
Been reading this blog for about three years and have thoroughly enjoyed it and learned a lot. Keep up the good work.
It seems to me that I’ve seen this before, but as we’re on a review day…
http://dai.ly/uba6yS
David
I think events have (unfortunately) proved you to have got it more or less right.
“what was once a radical idea becomes mainstream over time” In recent times the time it takes seems to be getting shorter and shorter. Thanks for the gutsy and selfless information over the years. I like to read the opening chapter about you riding your bike to school with your Dad following behind every so often. It is one of the best stories I have ever read for a multitude of reasons. It chokes me up alittle bit each time. All the best Steve
David, I would love to know your view on how much of economics is science and how much is ideology. The three dominant economic ideologies of the 20th c and were marxism, keynesianism and friedmanism. We are presently dominated by the latter. Public ownership bad / private good, deregulation, anti-trade unionism, economics as science, utterly free markets etc. As far as I can see this ideology has led us into the disaster that has presently engulfed the globe yet all the solutions we are provided with by the commentarati work from the same ideology because most media are owned by… Read more »
after spending 800 years getting fid og the English, I can not understand why the Irish gave away their sovereignty to Europe within 2 generations The Irish are a creative people of cuture and enterprise. They have had huge success in foreign lands, leaders in every sphere. (Ned Kelly in the US, Jack Doogan in OZ–just kidding, Many of Britains generals were Irish ) The problem is the money system. Without the control of your own currency you are an indebted,servitude slave)Belonging to a trade group or association is good. Belonging to a currency leads to servitude and enslavement. IIt… Read more »
Sorry for the typos, I’ll edit the next time!!
Congrats on ten years of archive posting David. You’ve been a pillar of sense in an ocean of madness… keep up the good work.
First saw you on Agenda, the TV3 programme on Sunday Lunchtime back in 2000/2001, and immediately sat up and began to take notice of what you were saying. You always communicated very well and clearly were courageous in taking on Insider Ireland Inc. Listening and taking your advice has saved me lots of headaches.
Keep up the great work.
Kind Regards,
A Grateful Illiterate Economist.
Thanks Colin,
Best David
David’s opinions over the years have been, in most cases, accurate, true and sane. I thank him for standing up to the vested interests and political elite – I’m sure that it has personally damaged him over the years, both financially and mentally. It’s not easy to stand up against the majority and be ridiculed and shunned by your peers. It takes courage.