Jeez if this is Soden’s interpretation of economics then perhaps he should resign from the board of the central bank. In the short term at least it’ll do nothing for our unemployment problem, in fact its more likely to make it worse and with increased social welfare spending etc… I can’t imagine it’ll help.

Spot on, Daire. Just as worryingly, he seems to think working longer hours will improve productivity. It might improve total “output”, which is bloody hard to measure in the public sector anyway, but it will almost certainly decrease productivity, which would of course be measured on a per-hour basis.

Thought it was escort sites! Whatever … this guy is never off the radio, pontificating as if he had nothing to do with at least helping to create the conditions for the crap we’re now in. (Don’t forget that he didn’t go from the B of I quietly either. He got his golden payoff like the rest of them.) These people shouldn’t be given either the oxygen of publicity or positions on State boards.