The Karnit Flug Fairy Story: Cinderella at the Central Bank

History teaches us that public figures who enjoyed great initial popularity are the first ones the masses tire of.

“Cleopatra’s nose, had it been shorter, the whole face of the world would have been changed,” said our friend, the 17th-century French philosopher Blaise Pascal. Similarly, the garment bag coveted by the former candidate for Bank of Israel governor, Jacob Frenkel − had he lawfully paid for it at the duty-free shop in Hong Kong at the time, the whole face of this past week would have looked so...