Punk Economics: Episode 1

Great review of the crisis in Europe by Irish economist David McWilliams!  McWilliams has worked as an economist with the Central Bank of Ireland and as a banker with UBS bank and the Banque Nationale de Paris.  He currently does documentary television.

Listen for the bit around 7:30 where McWilliams talks about working in Boston in the 1980s when the Boston & Massachusetts economy took a nose-dive and how the Federal Government stepped in to help with various transfers.  Then remember that we have a governor who is to feckin’ stupid to know how economics works and turned down millions and millions of dollars in transfer payments from the Feds.  When you elect a moron, you get moronic policies.


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