So-called 'experts' need to pay for their mistakes on Irish economy

I'm flabbergasted at the admission from the Economic and Social Research Institute that they could have done a better job on forecasting the Irish collapseTalking on RTE Thursday, Professor Frances Ruane says the agency 'could have done better'She says a 'lack of expertise' in macro-economics, particularly banking, impaired the ESRI's ability to forecast the banking crisisShe said the so-called independent think tank over-relied on information from the Central Bank and Financial Regulator Read more