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Taxpayer Bailouts : The Lie You Need To Know
I have an issue. A problem, a concern. A nag. It’s an itch, and I just gotta scratch it. It’s this. America, the UK and Iceland have all been bailed out by the taxpayer. You see it and you hear it: “Taxpayer to pump billions of squidoos into financial system” etc. Except it’s a bald […] More
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Money and Debt : New Financial Architecture Required
Whenever you take out a loan the temptation is to imagine a big mountain of money in a secure vault somewhere. Your friendly bank manager, a nice affable chap, is on hand doling out credit to any soul who can jump through his hoops. This is miles, no decades, away from the truth. Here’s how […] More