Friday, November 12, 2010

The economic equivalent of amphetamines

The dark arts of banking Banking is an increasingly esoteric and occult art, so politicians tend to avoid thinking about it too deeply. It also involves truly astonishing amounts of money - and politicians tend to respect money rather than morality. Yet it's becoming steadily more apparent that if the structure of banking is not radically changed, further bank bail-outs will be inevitable. So

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