The Fiscal Advisory Council's basing as far-reaching a claim as ‘austerity is working’ on a mix-up of terms is a serious matter. By Michael Taft.
The Irish Fiscal Advisory Council’s first report is out. It is a poor start. There is much to chew over but here I want to take up one contention – the one that says austerity is working. For if this argument is the best it can come up with, then it will have its work cut out to establish credibility.