Bullshit: the Irish Government’s numbers racket


Lest you think the title contains an unnecessary vulgarity, let me assure you that no less than Princeton University Press has published a monograph by the philosopher Harry Frankfurt, titled: “On Bullshit” – to quote the blurb (worth reading – as well as the entire little book itself):

Frankfurt concludes that although bullshit can take many innocent forms, excessive indulgence in it can eventually undermine the practitioner’s capacity to tell the truth in a way that lying does not. Liars at least acknowledge that it matters what is true. By virtue of this, Frankfurt writes, bullshit is a greater enemy of the truth than lies are.

Currently there can be no greater bullshit laid down for their country, than the government’s own figures, as follows: Quoting FT Alphaville graphs – Ireland, Doomed:

“Ernst & Young’s latest eurozone real GDP projections, to 2014″

(Real GDP: % year)

Ireland: Average, 2010-2014, 0.3;

2010, -1.5; 2011, -2.3; 2012, 0.9; 2013, 2.1; 2014, 2.5;

“And here are the Irish government’s real GDP projections for the purposes of the make-or-break 2011 budget for consolidating Irish finances:”

(Table 2, Economic Outlook, % change: GDP)

[Note: Average, 2010-2014, 2.2]

2010, 0.3; 2011, 1.7; 2012, 3.2; 2013, 3.0; 2014, 2.8.

I smell something, and it ain’t coffee.

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This entry was posted in Bankers' Bailout, Budget, Debt Default/Restructuring, ECB/IMF, Economy, EU, Euro / Sovereign Money, Humour, ireland, Leo Varadkar versus the World and tagged , , , , , . Bookmark the permalink.

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