Sunday, February 18, 2018

Facing the naked truths*

One of the beneficial effects of the precipitous decline in energy prices and the consequential massive drop in the revenues of the Government which began in 2014, is the fact that, under current conditions of dire financial stringency, it becomes exceedingly difficult to maintain intact the veils of illusion, delusion and deception behind which we have traditionally hidden the truths about our economy.
The biggest delusion of all has been the idea that we have operated, and still operate, a real economy in what we choose to call our “onshore” or “non-energy” sector. 

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