Notes and Sketches, More thinking out loud on the Internet.
Nationwide issues first benchmark
sterling covered bond JAN 2011
"The 21st Century begins to look like a world populated mostly by conmen and accountants."
James add in Lawyers and Bankers and you have a description of The Corporate Oligopoly and Middle Ground two party politics, That is the Lot of the people at the Beginning of the 21st Century.
We have the Potential to mark the beginning of the 21st Century with a New Renaissance
or we could mark it with a descent into a Carbon Taxing Dark ages.
The Internet might just be the means to a world in which Wealth really is "The Possession of the Valuable by the Valiant" in the sense and context in which Ruskin developed it.
the quo plurinum possett for money as a means of exchange can not be realised where it is adulterated to the modern extent, no touchstone of economics can accept that the current tyranny is widely beneficial , indeed it is most unwise.
On Human and entrpreneurial ingenuity I agree with the original premise in this article move forward innovate and improve as Keynes said "if the facts change then so do my opinion"
Our Men Turin and Godel Gave us two great gifts we are only now slowly realising the profundity of.
The Computer is a very good way of keeping score and Money is no more than that and Stuff is made up of bits. And Godel gave us infinity, it drove him mad but should make all of us more humble.