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...

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