Central bankers are like ‘pyromaniac firefighters’ and they are lighting another blaze

A US forestry firefighter cools a burning modular home to protect a nearby structure in Deerhorn Valley as the Harris Fire continues growing beyond 70,000 acres on October 24, 2007.David McNew/Getty Images


Central bankers are like “pyromaniac firefighters” creating crisis after crisis that they then try to solve, a hedge fund manager and economist has told Business Insider.

Daniel Lacalle, a chief economist at Tressis SV and a fund manager at Adriza International Opportunities, told BI in an interview that he blames the 2008 financial crisis on central bankers who don’t understand modern financial markets and are using tools from the 1960s to try and control them.

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