Here’re the key points, in case you have trouble with that lovely Irish lilt.

  1. “At the moment, economics is being run by politicians”. Since when hasn’t it?
  2. “a global financial event which will dwarf what happened after Lehman Brothers”
  3. “If Italy fails, we’re looking at economic Krakatoa”.
  4. “What is shows us is that the the whole Keynesian model … has been an utter failure.”

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