We need to turn to equity financing.

Financial News, a Dow Jones Company. , 28th June 2010 Since the end of World War II there has been a dramatic and seemingly unstoppable rise in debt. In the US the ratio of private sector debt to GDP has risen by five times. There has been no evidence that this has...

The importance of the Bank’s new structure.

Financial News, a Dow Jones Company, 18th June 2010 Managing the economy is difficult, as recent events have only too clearly shown. Having the right structure for management is only half the battle, but is an essential part that we have previously lacked. Previously...

The Need for More Bankruptcies.

Nikkei Veritas – Market Eye column, 17th May 2010 It is generally believed that the massive bankruptcies that occurred after the Wall Street collapse of 1929 were a major cause of the great depression that followed in the 1930s. As a result governments and...

Supporters of Capitalism Should Read This.

The Motley Fool, 21st April 2010 Bankers have brought capitalism into disrepute. To their traditional enemies on the Left they have added those who favour free markets. Despite the remarkable achievement of uniting such a broad spectrum of political opponents, bankers...