Oh, lor, we're back on cash. Look, money borrowed in the long term can be used intelligently, particularly by developing productive assets that will aid economic growth. Building HS2 with borrow… (View Post)

Sorry, not 'why is it in brackets,' but 'why should they choose the rate quite a bit below the maximal tax take?' (View Post)

My middle name is 'Frank' (yes, really). I am afraid you have not convinced me of any gaps in my knowledge. Merely that you are confusing excess bond markets, which are an example of capita… (View Post)

You may not have meant that, but it's effectively what you've said. Bond markets selling long term debt are a function of government failure, not a vital part of a capitalist society. Indee… (View Post)

You mean, the bond market might not be able to intimidate everybody and a bunch of fat spivs wouldn't be able to make millions while holding us all to ransom? Well, that really would be tragic. … (View Post)