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Why GDP and GNP should NOT be used as reference points for measuring the size of #Ireland economy? Two charts: 1) The two measures are not even on-trend with the real demand, 2) The gap between MNCs-shenanigans in Irish Nat. Accounts & the real domestic demand is MASSIVE 82% +
+ So for all my learned friends, esp in the likes of @CatoInstitute @FraserInstitute @danieljmitchell et al: what your Indices of Economic Freedom rankings for #Ireland reflect is the vast transfer of economic power from the residents of Ireland to Multinational Corporates. +
+ As long as you continue to reference Irish GDP as a base for your Indices, you will miss the true extent of over-regulation, over-taxation, cronyism, corruption imposed onto ordinary Irish people, businesses, & entrepreneurs, by the monopolization of Irish policies & politics+
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