Losses for lenders
Andrew Lilico’s plan for passing bank losses to lenders, as laid out in The Forum yesterday [This economist believes we shouldn’t bail out the banks: Let their lenders pay instead], makes complete sense and lots of people would agree. But where can we vote for this, where can we demonstrate, where can we express support for this idea? It doesn’t even seem to be on the politicians’ radar.
Richard Calhoun’s response to Sir Rob Fry’s article on business and war misrepresents the military. Try standing in front of a few Royal Marines and telling them that they don't do “radical thinking and innovation”. He offers Steve Jobs as a contrast. Does Calhoun think Jobs didn't see himself in a war against his competitors and craft a series of secret weapons that would blow those competitors away?