Why Policymaking Demands Wisdom, Not Discipline

Banks win because they can lend up more money. The government wins because it takes more tax, IRVAT on the thing. Punter loses because all the punter does is get into more debt. At a time when interest rates are going from one to five, you're destroying people's balance sheets. This is exactly what's sent to Bank of Ireland. That's why it demands wisdom, not rules.