Monday , January 18 2021
Home / FT Alphaville / Maradona’s contribution to monetary theory

Maradona’s contribution to monetary theory

Summary:
Sad news from Argentina today. Diego Maradona, one of the most gifted footballers to ever play the game, has died. While his dribbling prowess was world renowned, fewer people know that his skills were used to construct one of the most memorable monetary policy analogies of all time. Back in 2005, then Bank of England governor Lord Mervyn King described the two goals that the Argentine scored against England in the 1986 World Cup to show how central bankers had modernised. Both goals were memorable. Each for totally different reasons. The first, the so-called “Hand of God” goal, saw the 5ft-5in-forward beat England goalkeeper Peter Shilton to the ball with an outstretched fist. This, Lord King said, summed up the old “mystery and mystique” approach to central banking. It

Topics:
FT Alphaville considers the following as important:

This could be interesting, too:

Global Economic Intersection Analysis Blog Feed writes Economic Failures Of The IPCC Process

Global Economic Intersection Analysis Blog Feed writes The Grip Tightens

[email protected] (Cyril Morong) writes The CPI increased 1.4% in 2020

Timothy Taylor writes More on the Origins of “Pushing on a String”

Sad news from Argentina today. Diego Maradona, one of the most gifted...

FT Alphaville
FT Alphaville is a free daily news and commentary service giving finance professionals the information they need, when they need it. In a world where market professionals are inundated with information there is a pressing need to edit and filter, and hopefully sow a few ideas along the way. That’s where the FT Alphaville team comes in.

Leave a Reply

Your email address will not be published. Required fields are marked *