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What Can We Learn from Ireland’s Meltdown?

Published on January 29, 2011 By sirrahc

The “Celtic Tiger”. Until recently, the Emerald Isle was enjoying tremendous economic success, due to dramatic fiscal policy reform. First, they put a cap on government spending in the late 1980s, then reduced tax rates during the 1990s. Hugely important was the reduction in the corporate tax rate from 50 percent down to 12.5 percent. […]