If it is true he demonstrates a gross misunderstanding of economics and economic cycles. Economies have bankrupted themselves fighting against the inevitable. It would be better not to fight and have the government run counter cyclical polices and not stoke fires to make the peeks bigger and resulting lows lower.
Bless the ignorant Irish.
Do you think if Scotland votes for independence London would take us instead?
The cycle of boom and bust is over, and the country will just trundle along with medium-high unemployment, high taxation, high house price inflation, expensive but nevertheless inadequate public services, a small industrial base, and a heavy dependence on foreign capital?