A New Analysis on Project Lambda

Day 840, 04:45 • Published in Ireland Ireland • by patton

Teamed together with 5n4keyes, we have worked together these last few days in order to create a set of simple economic solutions to help our ailing economy. The basis for our economy's under performance is our gross over-production of manufacturing goods. Because of that our focus was to cut down that sector without jeopardizing the private sector.

This is the first article in a two part series. This article will examine the different points laid out by Project Lambda. After close review I see many parts that I think are goods ideas but, I also see some weak points. I do however, understand the courage it takes to make an economic plan and push it and I would like to thank Brian Boru for his contribution to Irish society. The second article will contain the ideas that Snake and I have put together. I have already messaged president Dubh about this plan and it is my truest hope that it would be a bi-partisan measure.

Disclaimer - I heard there was a new version of Lambda that fixes some of the old problems. However, I was not able to find a newer version so I had to base my analysis on the original plan.


If you want a reference on Lambda, Boru's original article can be found here

Here is the response to criticism of Lambda

Personal Point by Point Breakdown of Lambda - these points coincide with the original article

1. Accumulate Gold - I personally agree with accumulating gold for the state. However, the Ministry of Finance already buys excess gold off the market and sells IEP to make money. Since Boru does not elaborate on it any further Im not sure how he plans to get more gold then we are currently getting. Perhaps a good way to increase our finances would be to invest our funds in t'jelle bank or even get some of our more financial savvy citizens to create our own version of t'jelle with the profits going to the Irish state and the Bank Managers.

2. Identify Productive Companies - If you read the title it sounds good but if you read Boru's specifics some parts are unworkable. Boru says we would make workers work at only the productive companies and we would force them to switch over. Last time I checked you cant control citizens and I doubt this can work. However, I do like the idea of identifying Ireland's best companies and GM's and giving them the financial support to succeed abroad. Perhaps the Irish government if it helps out could get a share of the overseas sales ?

3. Setup of Extensive State Company System - First of all his third point contradicts his second point, if Im understanding this right. In this point he wants government run companies to supply the entire economy to end the " destructive competition " between companies. However, in point 2 he wants to funnel funds to some of the most profitable firms in Ireland ? Perhaps he is suggesting that the state companies will supply the domestic market and our private companies must only sell in foreign markets ? Personally Im fine with the current size of the state company program. I think it would be very hard to control the whole economy

4. Massive Tax Increases - In Boru's ideas taxes would be used to punish bad companies and redistribute income to the more productive companies. This sounds like it could be wide open to abuse since Im sure every TD would consider their company productive and would work to get it on the list. Plus if a MoF had any companies it would be very tempting to use it to eliminate competition. If used correctly though I have no doubt it work. I saw the same tactic used in eJapan awhile back. Also even though it might work Im still against the idea because I think Ireland can get more gold without burdensome taxes.


I tried to be as fair and unbiased as I could. Since Im a pretty charged guy Im sure that it leaked in some place 🙂 I will present Snake and my proposal either tomorrow or very soon. The rough proposal is complete but , I want to smooth out the edges. Thank you for your patience.