Pete, in fairness, it has been repeatedly suggested that you have your head in the sand on the property crash thread
He makes some good points and has generally been proven to be a good commentator but his "economics for children and stupid people" approach infuriates me.
His comparison to Uruguay was interesting. I would also compare Ireland to Japan, who were the last small country going round the world buying every piece of property they could and ostentasiously displaying their wealth. Look what happened their economy.
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