Oireachtas Joint and Select Committees
Wednesday, 11 March 2015
Committee of Inquiry into the Banking Crisis
Context Phase
Professor Niamh Hardiman:
A lot of people have commented on this matter. When the economy is booming nobody wants to hear that it is hurtling towards the edge of a precipice. There is a wider problem for democratic societies in general. Governments have time inconsistent preferences. Governments are faced with genuinely difficult problems of trying to compete for power and win power in the next election.
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