The Moody Blues: No More Finance Bros in LA

The David McWilliams Podcast

This week, we’re keeping one eye on Wall Street and the other on a canal in Dublin. Moody’s just downgraded the United States' credit rating, a move that quietly confirms what most won’t say out loud: America’s debt-fuelled growth is unsustainable, and interest payments are now outpacing military spending. Meanwhile, back home, a row of cottages literally collapsed, not abandoned, but owned by the very people lobbying to fix Ireland’s housing crisis. In a country where average rents just passed €2,000. In this episode, we tie it all together: the real consequences of debt, the performative hypocrisy at the top, and how property in Ireland has become a parasitic asset, not a social good. From Donald Trump’s inflationary tariff plans to the Irish State’s inability to enforce basic upkeep, we’re watching the scaffolding of credibility, financial and moral, fall away.

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