Economics

I’ve had a recurring rant for a few years now, that I’ve been happy to deliver over a coffee or a cocktail. The short form goes something like this: “Financial institutions don’t produce anything. Instead, they act as catalysts – enabling other entities to be…

I haven’t yet taken the time to read this article with any attention to detail – but on the whole it seems to capture my understanding of our current financial situation. To wit: Our initial attempts at saving the financial industry have failed because they…