Oireachtas Joint and Select Committees

Wednesday, 11 February 2015

Committee of Inquiry into the Banking Crisis

Context Phase

Photo of Marc MacSharryMarc MacSharry (Fianna Fail)
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The economic model has been criticised. How is a government or state supposed to foresee a crisis or even reach a proper understanding of its mechanisms afterwards if conventional economic theory does not acknowledge the role of banks or consider money and debt as influential variables?