Miraculous Plenty: Irish Religious Folktales and Legends Post author By Philip Lane Post date February 1, 2012 Patrick Honohan launched this book last night. His speech is here. Categories In Uncategorized 20 Comments on Miraculous Plenty: Irish Religious Folktales and Legends ← Competition, Regulation & Privatisation session from Friday’s conference → Conference Panel on the Property Market 20 replies on “Miraculous Plenty: Irish Religious Folktales and Legends” Expansionary austerity is pure pisreog. @seafóid +1 ,blockquote>It has certainly been our goal, and so far I like to think we have not done too badly over the past couple of years in balancing the need for prompt and decisive action while keeping options open in the face of what has been a fairly inexorable but drawn out denouement of an inherited situation whose revealed gravity has fairly consistently proved, so far, to be at the unfavourable end of the range of possibilities. But… But… But… I thought it was manageable??? http://www.thepropertypin.com/viewtopic.php?p=493522 http://www.thepropertypin.com/viewtopic.php?p=493522#p493522 No better man for a book about fairytales. A man always worth listening to. By calling for reductions in PS salaries rather than heads, he would be on a collision course with the Croke Park Agreement, but if society wants education where we have <x in a class, or crime detection of y%, or crime reduction of z% or mortality rates for such and such ailment at a,b,c%, then we can either cut salaries and employ more people, increase expenditure overall which is not available to the economy, eliminate inefficiency (hmmmm) or cut expectations for x,y and z/a,b,c. The man is talking common sense. I wonder what he has in mind when he alludes to opportunities that might be seized through “ingenuity” Where I come from we have this thing called the kyluck (sp?). It’s some sort of monster that comes out on st. Brigid’s day and may seize children that stray too far from home. Also, people visit the local Brigid’s well to invite the saint to bring the spring quickly. I am lost for words. Maybe Eddie can shed some light on this black depression. http://www.youtube.com/watch?v=dpXnIs57678 @ Ger, Your 21st century ‘kyluck’ would have a fine time cruising internet sites like this one! I find the CBI Governer’s take on the book introguing. To my mind, irrespective of cultural nuance or religious overtones, all myths and legends share a common didactic purpose, which is about how to live with other human beings and what principles should guide our individual behaviour. @Ger “Where I come from we have this thing called the kyluck (sp?). It’s some sort of monster that comes out on st. Brigid’s day and may seize children that stray too far from home.” It’s either a priest or you live in Ballymun? ‘When the facts change sir, I change my mind’. If we are into the old game theory, we can take it that second bailout is on the ogham sticks. Interesting reference. Only in Ireland could a serving central banker governor launch a book of fairly tales. Buba will be nonplussed. I trust the governor’s strategic orientation is social constructivist. Post modern is so Noughties. ” I like to think we have not done too badly over the past couple of years in balancing the need for prompt and decisive action while keeping options open” No hint of irony there at all? I think keen observers may be able to think of an example of ‘prompt and decisive action’ that was less than helpful in ‘keeping options open’ and ‘prompted’ actually by nothing particularly remarkable on the day 😉 This bit is so obvious it is telling that the Irish public debate should have required nudging along by the Governor: “To take just one topical area, Ireland itself chooses to what extent the necessary reductions in the salary cost of public services is achieved by way of reducing numbers (whether through early retirements or otherwise), and to what extent by adjusting some pay scales. And there are many such choices which will influence the speed of economic recovery and the evolving nature of society.” Ger’s kyluck sounds to me to just be the ‘coileach’ or a cockeril… these were often sacrificed and their blood used for various purpose in olden times… that should be ‘cockerel’ – did my own phonetic spelling (though kyluck is so funny it could almost be Manx! (orthography invented by Edward Lhuyd, looks a bit like a mish-mash of Welsh and English!) @Ger. I wonder if your kyluck is cailleach which Dineens defines as: cailleach, -lighe, -leacha, f., an old woman, a nag; a fisherman’s stone-anchor; a fir stump found in bogs; a bad or shrivelled potato.Often cailleach dhubh is used for a nun. The Honohan memoirs are going to be dynamite. He’s obviously more than just a suit and he saw it all happening. @ Grumpy What do you think about the Portugal situation ? Back in July Ireland was on 11.5% or so on the 10 year and Portugal was a nudge higher and now Portugal is out to 15% and Ireland is less than half that. Is it all down to Enda ? At last Honohan has found his true metier. Seafoid I sometimes think the only way people will really understand how much uncertainty there is in investors’ assessments of all sorts of things, and how the fact they may often appear to form a consensus does not itself reduce that uncertainty, is if they are forced to try to make actual investment decisions over a long enough time for it to become apparent to them. Investors in Irish bonds have been traditionally partial to a particular image of the country (gets the Chicago recipe and by the way has set a fantastic example by SLASHING their public sector costs and keeping irresponsibles in their box) and and they have been supplied with most of the ingredients via excellent PR to a receptive audience. The consensus about Portugal is herding around a different ‘view’. “from the perspective of game theory, have been faced with a complex range of possible actions and face not only some immutable realities – such as the need to put the public finances to rights – but also considerable and evolving uncertainties, as well as a set of counterparts, many of them supportive, but each with their own set of interests, not always fully aligned with those of Ireland.” I wish we had a governor who knew the value of using less words. Who actually understood that less is more! Why did he vote for the two interest rate increases last year which were inimical to the interests of the whole of Europe never mind Irelands narrow sectional interest? @ Paul Quigley Of course there will be a second bailout and it will be for 50bn. @Ger @ Geralt “Where I come from we have this thing called the kyluck (sp?).” “Ger’s kyluck sounds to me to just be the ‘coileach’ or a cockeril… these were often sacrificed and their blood used for various purpose in olden times…” Or perhaps the old Irish ‘Cailleach’ (Olg Hag) of Cailleach of Beara, Hag of Beara?? @PeterC Apologies. I had missed your post re cailleach. I must start to follow thread posts with more care!!. @ Peterc/Joseph Ryan I did a quick internet search for cailleach and I think you are right. It sounds very much like it. Truthfully, I was never given a proper description of it, but I sometimes hear the old people talking about it at home. It’s not a welcome presence anyway. It’s something to be driven away, and St. Brigid is the only chick that can do the job. Comments are closed.