Another international economist to comment on the Irish situation is Roberto Rigobon. Roberto doesn’t have a big media profile but he has well known and respected in the profession. Furthermore, unlike most economists, he has devoted his entire career to studying financial crises. He is very up beat about the current suituation. He points out that crises, like the one we are in now, actually occur quite often. The only difference is that they happen in the developing world, so we in the west tend not to pay much attention. Nevertheless, according to Roberto, we can learn from the experiences of Thailand, Argentina etc. His basic point is that with the correct policies they bounced back pretty quick. He thinks we can do the same. Furthermore, he thinks that the policies followed by the US government are right on track. He outlines his points in a very amusing article here. It is well worth a read. Trust me, it will leave you feeling better afterwards!
Another Clever Fellow on Ireland
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