Swift's banking proposal

Madam, – Your readers might be interested to hear what Jonathan Swift thought of the role of bankers at a time when the Irish…

Madam, – Your readers might be interested to hear what Jonathan Swift thought of the role of bankers at a time when the Irish economy was in deep crisis, while many of them continued to insist, with lunatic optimism, that the country was actually doing quite well: "I have sometimes thought, that this Paradox of the Kingdom growing Rich, is chiefly owing to those worthy Gentlemen the BANKERS, who . . . are the only thriving People among us: And I have often wished that a Law were enacted to hang up half a dozen Bankersevery year, and thereby interpose at least some short Delay, to the further Ruin of Ireland." This may seem a bit drastic, but as he argued famously elsewhere, extreme difficulties demand extreme solutions. – Yours, etc,

JOE McMINN,

Professor of Anglo-Irish Studies,

University of Ulster,

Coleraine,

Co Derry.