The Irish Crisis
The crisis that did not happen, will possibly be the way history will remember this. Indeed, if there is a history to be written still, and if the events of last two years are to get a place in the usual boom-and-bust ride of the market capitalism. I say this because this may just be the end of history, no return to life as usual may be around the corner; or, may be that's just too pessimistic, we will just be unleashed in a brave new world where such things won't matter. One would love to think the Irish crisis, which didn't happen, won't matter. After all, we have now learned to be prepared. The lessons were learned when one had to get Greece out of water, and we almost always knew Spain and Ireland were coming. It is after all, just a monetary thing, which can be solved by pumping money in. And, it was. The trouble is, it does not end there. When you pump money in, you are plugging a whole today by taking away the wealth of the future generations. Or of people's ...