Punk economist: 'The most prudent thing to do now is spend' - News Summed Up

Punk economist: 'The most prudent thing to do now is spend'


Ireland's 'punk economist' David McWilliams, adjunct professor of global economics at the School of Business Trinity College Dublin, is ranked the 10th most influential economist in the world. McWilliams, a former central banker and an investment banker, also says now is the time for governments to spend and ignore warnings to the contrary. In a free market with lots of credit in the housing market when the price goes up the demand goes up. Keeping young educated people, and attracting them, is vital as a young country is a vibrant country, he says. McWilliams got his "punk economist" moniker from a series of cartoons he put out to make economics simpler and more relevant – in a kind of punk, DIY fashion.


Source: New Zealand Herald October 20, 2020 20:26 UTC



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