Failure Is Good

Way back in September 2008, I wondered what had become of free market philosophy, as the US government scrambled to rescue crumbling banks. Two weeks later, Ireland guaranteed bank deposits and bondholders. A lot has happened since then. Back in 2008, I asked what happened to the belief in creative destruction. I’m still wondering. Capitalism… Continue reading Failure Is Good

Out With The Old

Patrick Neary had announced he will step down as chief executive of the Irish Financial Services Regulatory Authority. The decision comes on the same day the Authority received a report on the failure to act for almost a year following the discovery of controversial loans transfers by Anglo Irish chairman Sean Fitzpatrick. In a statement,… Continue reading Out With The Old