I wonder if Fay Young has read C. Northcote Parkinson’s eponymous Parkinson’s Law? This is a fantastic compendium of satirical essays, first published in the Economist, and collected in book form in 1958. In his essay, “High Finance; or, The Point of Vanishing Interest”, Parkinson describes a committee that bears a remarkable similarity to that which Fay witnessed last week. Finance committees are, he says, made up of people who know nothing of millions, but well accustomed to thinking in thousands:Whatever the accuracy of his theories, “Parkinson’s Law” is a great read, and a highly recommended stocking filler for the economist or policy wonk in your life.

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