It was not long ago that Ireland was every American conservative's beau ideal of a European state. Low taxes, low regulation, it was the perfect case study in the success of free market policies. ...
Sadly, the Irish fiscal crisis has prompted a quick realization that Ireland was not actually the free market state we thought it was. Indeed, it turns out to represent Obama-ism run amok.
It's really pretty funny, and Chait includes all sorts of quotes, pre- and post-crisis, backing it up. Unfortunately, as far as I can tell, political pundits never have to be right.
And most of us never learn from experience, either. Indeed, we'd rather revise history than learn from it.
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