The timeline to trouble

The timeline to trouble

So, a few days into the “LIBOR Scandal” what do we know, when did things start to go wrong and in what way did they breach “best practice”? Here’s a timeline to the current travails of the Treasury-privileged classes: 1690: John Freame, Quaker of Cirencester, and co-religionist Thomas Gould fled persecution in backward English countryside…

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Where are the adventurous young bankers?

In the monetary crisis of the late seventies when Hayek wrote the essay I linked to earlier about privatizing the money supply he thought that the then current generation of senior bankers would be too dyed in he wool of the prevailing system to become so innovative as to suggest and work up his radical…

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