Wonderfully said. I recall the Milei speech and was amazed that somebody didnt actually tackle him on stage and drag him off. of course, they all knew that nobody actually listens to WEF speeches, so the rest of the world would never know what he said, and the rest of that group quickly forgot every word of it.
You use the term ‘magisterial’ to describe the Hopper brothers essay so I’m going to use Tour de Force to describe yours. You’ve distilled decades of, first suspicion, then concern that something was wrong with the State of Denmark to anger and contempt our leaders knew what was going on and went AWOL. You rightly cite bank senior executives as a major culprit, I’m talking about you Fred Goodwin and Andy Hornby, but politicians and Regulators created the environment and then encouraged the casino behaviour and subsequently foisted failed banks on the people in the case of RBoS and on hitherto comparatively well capitalised ones in the case of Hornby’s HBoS which Brown foisted on Lloyd’s. In both instances the blow landed on the wider public and employees who lost both their jobs and savings as share save schemes imploded. Maggie famously said ‘we all need a Willie’, now we all need a Milei. It cannot come quick enough.
Wonderfully said. I recall the Milei speech and was amazed that somebody didnt actually tackle him on stage and drag him off. of course, they all knew that nobody actually listens to WEF speeches, so the rest of the world would never know what he said, and the rest of that group quickly forgot every word of it.
You use the term ‘magisterial’ to describe the Hopper brothers essay so I’m going to use Tour de Force to describe yours. You’ve distilled decades of, first suspicion, then concern that something was wrong with the State of Denmark to anger and contempt our leaders knew what was going on and went AWOL. You rightly cite bank senior executives as a major culprit, I’m talking about you Fred Goodwin and Andy Hornby, but politicians and Regulators created the environment and then encouraged the casino behaviour and subsequently foisted failed banks on the people in the case of RBoS and on hitherto comparatively well capitalised ones in the case of Hornby’s HBoS which Brown foisted on Lloyd’s. In both instances the blow landed on the wider public and employees who lost both their jobs and savings as share save schemes imploded. Maggie famously said ‘we all need a Willie’, now we all need a Milei. It cannot come quick enough.
Brilliant, Tim!
National Debt at 10% of GDP - how we long for those halcyon days