Gambling away our future

"[...] while politicians do not want to recognise the costly social problems that arise from “austerity”, they are already manifesting themselves in ghost estates and hospital AE units. Neither are the politicians debating the detrimental effects on our potential economic output from reduced investment in education and a structurally higher debt burden." You can read the full text of Michael O'Sullivan's opinion piece for today's Irish Times here. Earlier this year, Michael wrote a guest post for PE.