Joe Higgins (Dublin West, Socialist Party) | Oireachtas source

On page 4 of Mr. Buti's introduction he refers to an EU Commission policy framework from the pre-crisis period, which is sometimes referred to as the great moderation paradigm. For somebody in the 1960s it would sound like something from Chairman Mao's Little Red Book. In any case, Mr. Buti says there are two aspects to it - low and steady inflation, and prudent and sustainable fiscal policy by government. As long as those were observed, apparently, there would be no major problems. Has Mr. Buti heard of Professor Morgan Kelly, a well known academic in University College Dublin?