Friday October 30, 2020

Dark arts of the bankers

At the annual Federal Reserve meeting this weekend, bankers will be no more troubled about their infallibility than were the priests of medieval times, writes David McWilliams.

24th August, 2013
Today, after five years of printing money hand over fist to get the world economy going again, the theological difficulty facing the high priests of economics is how to end the money-printing episode without causing the financial markets to crash again.

For those of you who are partial to a bit of history - and particularly the history of this part of the world in the years before the Plantation - Wolf Hall, the 2009 Booker Prize winner by Hilary Mantel, is a must-read. It is the story of Thomas Cromwell, Henry VIII's confidant and adviser - and the man who, possibly more than most, was responsible for the Reformation in England.

This, we Irish readers already...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

2 Yearly

€315

€248

Unlimited Access for 2 Years

This product does not auto-renew

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

The best writing and and the biggest stories of 2019 from the Business Post

Richie Oakley | 10 months ago

Denis O’Brien is back in court, residents continue to fight the Council on halting site and a row surfaces in government over rent control proposals

Leanna Byrne | 5 years ago