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The Paradox of Prudence

The David McWilliams Podcast

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The Importance of Savings

Ireland's 12 billion surplus is a huge opportunity for the country, says John Defterios. The economy was paralyzed by a lack of money when he studied at Trinity in the 80s. He recalls bogus bank accounts all over and people pretending they were foreigners to avoid 'dirt attacks' On his career as a barman: "I should always be at the other side of the bar"

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