Capital and labour: the more they are available, the more economies can grow. Fuelled by multinationals’ money pumping up capital investment and talent from across the world expanding the labour supply, the Irish economy has been powering ahead for almost a dozen years. Unlike the last period of extended boom that ended in a five-year depression from 2008, the current upswing, when it eventually ends, will end differently. This unusually long expansion is more likely to slow to a halt, as it runs out of road, rather than to collapse in on itself. The low risk of a domestically-caused catastrophe…

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