Oireachtas Joint and Select Committees
Wednesday, 25 March 2015
Committee of Inquiry into the Banking Crisis
Context Phase
Dr. Julien Mercille:
We heard that message of do not talk it down and if you do so, it is your fault if it collapses. The economy is not determined by talking about it. You might expose an inconsistent message. However, someone writing about the housing bubble will not result in it suddenly crashing. We had one before and it was bound to collapse. It is called flak. If one has a viewpoint that challenges power, then one will get a lot of criticism from people in power.
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