blairf

the economy is based on consumption. i think it was Adam Smith he pointed out growth came from fripperies. or something like that. Turning off consumption has/will totally crater the world economy. I… (View Post)

CS Lewis on pain. We forget that until VERY recently pain and death were the norm. Get an abscess, break a leg, breech birth, infected wound. Pain and death. Just pain and death. We aren't used to th… (View Post)

Is the ventilator thing an example of focusing on the easily understood while ignoring the much more important but harder to figure out problem? The example I've seen is company boards spending half … (View Post)

what awful news :-( (View Post)

Quite. GFC had many causes, risky lending to SME was absolutely not one of them. The divergence between what Goldman Sachs Sunak has said and what the retail banks are implementing is vast. (View Post)