Let’s hear it for the good-time guys

Let’s hear it for the good-time guys

Last week’s evidence to the banking inquiry proved one thing. Brian Cowen and Charlie McCreevy need to take off their rose-tinted glasses

Euphoric recall is a psychological term used to explain the tendency to only remember the good times. Addiction councillors use this nostalgic phenomenon to describe how selective memory works. Brian Cowen and Charlie McCreevy’s evidence to the banking inquiry last week was a classic case of human nature’s instinct to romanticise the past and to forget the negative consequences of mistakes.

Only the threat of criminal sanctions forced McCreevy to acknowledge that a...

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